Desmond Ray's has annual sales of 600,000,000
Net after tax margin of 6%
Sales to assets ratio of 5
What is its return on assets?
If Debt/Equity ration is .05, what is the return on equity?
Explain in excel© BrainMass Inc. brainmass.com September 24, 2018, 10:58 am ad1c9bdddf - https://brainmass.com/business/return-on-assets/return-equity-assets-74262
The solution explains how to calculate ROE and ROA.