Homework Help is Here – Start Your Trial Now!
Business
Accounting
A company had an income of $215 million and average invested assets of $2,500 million. What is the company's return on assets (ROA)?

A company had an income of $215 million and average invested assets of $2,500 million. What is the company's return on assets (ROA)?

Principles of Accounting Volume 2
Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter9: Responsibility Accounting And Decentralization
Section: Chapter Questions
Problem 3PB: The income statement comparison for Rush Delivery Company shows the income statement for the current...
See similar textbooks
icon
Related questions
Question
A company had an income of $215 million and average invested assets of $2,500 million. What is the company's return on assets (ROA)?
Transcribed Image Text:A company had an income of $215 million and average invested assets of $2,500 million. What is the company's return on assets (ROA)?
Expert Solution
steps

Step by step

Solved in 2 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer