Give me answer please A company has assets totaling $150,000, liabilitiestotaling $80,000, and net income for the period totaling$60,000. Calculate the return on assets (ROA).a) 30%b) 45%c) 50%d) 40%

Step 1: Definition of Return on Assets (ROA):Return on Assets (ROA) is a financial ratio that…

Answered: A company has assets totaling $150,000,…

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter3: Evaluation Of Financial Performance

Section: Chapter Questions

Problem 19P

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A company has assets totaling $150,000, liabilities totaling $80,000, and net income for the period totaling $60,000. Calculate the return on assets (ROA). a) 30% b) 45% c) 50% d) 40%