Financial Ratios
Now we can calculate the return on assets as: ROA = Net income / Total assets. ROA = $1,440,000 / $13,000,000. ROA = 0.1108 or 11.08%. We do not have the equity for the company, but we know that equity must be equal to total assets minus total debt, so the ROE is: ROE = Net income / (Total assets – Total … ................
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