Practice problem 2-5 eBook North/South Airlines generated the following information from...
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Finance
Practice problem 2-5 
eBook North/South Airlines generated the following information from its financial statements: (1) P/E ratio equals 11.0, (2) common stock market price per share is $33, (3) fixed assets turnover equals 8.0, (4) current ratio equals 5.0, (5) current liabilities equal $575,000, (6) net profit margin equals 8 percent, and (7) 70,000 shares of common stock are outstanding. a. What is North/South's return on assets (ROA)? Round your answer to two decimal places. b. What is North/South's total assets turnover? Round your answer to two decimal places
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