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eft.0:16:14 Mahbub Abdulkadir: Attempt 1 Question 19 (5 points the on for the Duke Tire Company, find ROA (Return on Assets)
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Answer #1
Solution 19
Asset Turnover ratio 1.69
Net Profit margin 0.03
Return on asset= 1.69*0.03
Return on asset= 5.07%
Return on asset= 5.1
Solution 20
Debt asset ratio 53%
Equity = 1-53%
Equity = 47.00%
Debt Equity 53%/47%
Debt Equity                                   1.13
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