irvinguzmanx3526 irvinguzmanx3526
  • 26-05-2018
  • Business
contestada

Sales for the year = $246,687, net income for the year = $22,965, and average assets during the year = $136,357. return on assets (roa) for the year is: select one:
a. 53.8%
b. 16.8%
c. 9.3%
d. there is not enough information to calculate roa.
e. none of the above

Respuesta :

philipscaster83
philipscaster83 philipscaster83
  • 26-05-2018
ROA=net income÷average assets
ROA=22,965÷136,357=0.168×100=16.8%
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