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Unformatted text preview: numbers are in millions of dollars): Cash $ 100 Accounts payable $ 300 Accounts receivable 300 Notes payable 500 Inventory 500 Total current liabilities $ 800 Total current assets $ 900 Long-term debt 1,500 Total debt $2,300 Common stock 500 Retained earnings 400 Net fixed assets 2,300 Total common equity $ 900 Total assets $3,200 Total liabilities and equity $3,200 Miller also reported sales revenues of $4.5 billion and a 20% ROE for this same year. What is Miller's ROA? A) 4.625% B) 3.125% C) 7.826% D) 5.625% E) 2.500% Points Earned: 5.0/5.0 Correct Answer(s): D...
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