Calculate Afton's return on assets and return on equity
Not what you're looking for?
Last fiscal year, Afton Machinery had the following financial statement data:
Sales/Assets 2.10
Net Income/EBIT 0.65
EBIT/Sales 0.10
Assets/Equity 3.00
Calculate Afton's return on assets and return on equity.
Purchase this Solution
Solution Summary
The solution explains how to calculate the return on equity and return on assets
Solution Preview
Return on Assets = Net Income/Assets = Net Income/EBIT X EBIT/Sales ...
Purchase this Solution
Free BrainMass Quizzes
IPOs
This Quiz is compiled of questions that pertain to IPOs (Initial Public Offerings)
Transformational Leadership
This quiz covers the topic of transformational leadership. Specifically, this quiz covers the theories proposed by James MacGregor Burns and Bernard Bass. Students familiar with transformational leadership should easily be able to answer the questions detailed below.
Accounting: Statement of Cash flows
This quiz tests your knowledge of the components of the statements of cash flows and the methods used to determine cash flows.
Understanding the Accounting Equation
These 10 questions help a new student of accounting to understand the basic premise of accounting and how it is applied to the business world.
SWOT
This quiz will test your understanding of the SWOT analysis, including terms, concepts, uses, advantages, and process.