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A fire has destroyed a large percentage of the financial records of the Goodwin Industries. You have the task of piecing together information in order to release a financial report. You have found the return on equity to be 13.56 percent. If sales were $400 million, the debt ratio was 0.42, and total liabilities were $200 million, what was the return on assets (ROA)?

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Financial Management, Finance

Category:- Financial Management
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