Afire has destroyed a large percentage of the financial records of the excandesco company. you have the task of piecing together information in order to release a financial report. you have found the return on equity to be 16.3 percent. sales were $1,785,000, the total debt ratio was .33, and total debt was $658,000. what is the return on assets (roa)

The return on assets (ROA) of Excandesco Company is 10.921%

Explanation:

Return on assets (ROA) helps an investor see how much after-tax profit a company gained for each dollar in assets, is calculated by formula:

ROA = Net Income/ Total Assets

The total debt ratio of Excandesco was .33:

Total debt ratio = Total Debts/ Total Assets = 0.33

Total debts = 0.33 x Total Assets

From the accounting equation: Total Assets = Total debts + Total Equity

Total Equity = 0.67 x Total Assets

Excandesco Company had return on equity (ROE) of 16.3 percent.

ROE = Net income/ Equity

Net income = ROE x Equity = 16.3% x 0.67 x Total Assets = 0.10921 x Total Assets.

ROA = Net Income/  Average Total Assets = (0.10921 x Total Assets)/Total Assets = 0.10921 = 10.921%

muslims control the north africa during the period of 1500 up

to 1800. they made a barrier to prevent further european exploration from

entering the africa from the north. however, the dutch ware still able to move

toward the interior with having south africa as one of the routes leading to

the east for trading with asia.

answer; risk transference;