A company had sales of 65 million total assets of 42, Ask an Expert

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A company had sales of $65 million, total assets of $42 million and total liabilities of $20 million. The company’s interest rate on its debt is 6%. Its tax rate is 30%. The operating profit margin was 12%. Assume that interest is paid on all of the liabilities. What was the company’s operating return on assets and the return on equity? Show step by step how to solve one excel and show formulas.

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Category:- Financial Management
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