No Ole Roy is not considered a good dog food. I think their "best" quality food that they make is the Skin and Coat formula:
Crude Protein (min) 23.0%
Crude Fat (min) 12.0%
Crude Fiber (max) 4.0%
Moisture (max) 12.0%
Linoleic Acid (min) 1.1%
Calcium (min) 1.1%
Vitamin E (min) 100IU/kg
INGREDIENTS:
Lamb meal, brewers rice, soybean meal, ground yellow corn, ground wheat, wheat flour, animal fat preserved with mixed-tocopherols, corn germ meal, corn gluten meal, animal digest, calcium carbonate, salt, potassium chloride, L-lysine monohydrochloride, calcium phosphate, choline chloride, added color (yellow 5, red 40, blue 2) vitamin E supplement, zinc sulfate, ferrous sulfate, manganese sulfate, niacin, vitamin A supplement, brewers dried yeast, copper sulfate, calcium pantothenate, garlic oil, pyridoxine hydrochloride, vitamin b-12 supplement, thiamine mononitrate, vitamin D-3 supplement, riboflavin supplement, calcium iodate, menadione sodium bisulfite complex, folic acid, biotin , sodium selenite.
Those are the ingredients - I'll let someone else tear it apart, it's late here.