What is abc return on assets

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Company ABC has asked you to help piece together financial information on the firm for the most current year. Managers give you the following information: sales = $64 million, total debt = $24 million, debt to asset ratio = 46%, return on equity (ROE) = 12.4%. Based on this information, what is ABC's return on assets (ROA)?

Reference no: EM133120949

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