A business generated $175 million in net income and had average total assets of $1,730 million. What is the return on assets (ROA)?

Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter12: Fainancial Statement Analysis
Section: Chapter Questions
Problem 26MCQ
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A business generated $175 million in
net income and had average total
assets of $1,730 million.
What is the return on assets (ROA)?
Transcribed Image Text:A business generated $175 million in net income and had average total assets of $1,730 million. What is the return on assets (ROA)?
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