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A business has a net income of $85,000 and total assets of $425,000. What is the return on assets (ROA)? A) 15% B) 18.5% C) 20% D) 25%

A business has a net income of $85,000 and total assets of $425,000. What is the return on assets (ROA)? A) 15% B) 18.5% C) 20% D) 25%

Survey of Accounting (Accounting I)
Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter1: The Role Of Accounting In Business
Section: Chapter Questions
Problem 1.4.2MBA: Return on assets The following data (in millions) were adapted from recent financial statements of...
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Please provide the correct answer to this financial accounting problem using accurate calculations.

A business has a net income of $85,000 and total assets of $425,000. What is the return on assets (ROA)? A) 15% B) 18.5% C) 20% D) 25%
Transcribed Image Text:A business has a net income of $85,000 and total assets of $425,000. What is the return on assets (ROA)? A) 15% B) 18.5% C) 20% D) 25%
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