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A company had an income of $78 million and average invested assets of $975 million. What is the company's return on assets (ROA)?

A company had an income of $78 million and average invested assets of $975 million. What is the company's return on assets (ROA)?

Cornerstones of Financial Accounting
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 company had an income of $78 million and average invested assets of $975 million. What is the company's return on assets (ROA)?
Transcribed Image Text:A company had an income of $78 million and average invested assets of $975 million. What is the company's return on assets (ROA)?
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