Use the following information to answer Question 21 and 22. Raleigh Manufacturing reported net income...
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Accounting
Use the following information to answer Question 21 and 22. Raleigh Manufacturing reported net income of $1,166 on sales of $5,520 for Year 4. Interest expense before taxes was $75. The tax rate was 30%. Average total assets were $7,135, and average common shareholders' equity was $3,405. The firm did not have preferred stock outstanding.
Compute the ROA for Year 4. (Round Compute the ROCE for Year 4. (Round to one decimal place.)
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