The cost-of-goods-sold-administrative expenses

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Suppose a company had total assets of $10 million and gross sales of $1 million in 2013. The cost-of-goods-sold was $0.3 million and the administrative expenses totaled $0.2 million in the same year. Take the Profit before Taxes as the net income. What was the company's ROA ratio in 2013?

Reference no: EM13898983

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