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

Question

25 December, 13:40

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Answers (1)

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Meghan Maddox · Answer 1

ROA=net income:average assets

ROA=22,965:136,357=0.168*100=16.8%

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