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 return on assets of 5.15% means that a company is earning: a.a $5.15 return on every $100 invested in long-term assets. b.a $5.15 return on every $100 of total assets. c.a $5.15 return on every $100 of assets minus liabilities. d.a $5.15 return on every $100 of current assets.
A return on assets of 5.15% means that a company is earning: O a. a $5.15 return on every $100 of assets minus liabilities. O b. a $5.15 return on every $100 of total assets. O c. a $5.15 return on every $100 of current assets. O d. a $5.15 return on every $100 invested in long-term assets.
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Answer this Financial Accounting
What is the return on assets? General accounting
The balance sheet of Mi-T-M reports total assets of $400,000 and $450,000 at the beginning and end of the year, respectively. The return on assets for the year is 10%. What is Mi-T-M's net income for the year? A. $42,500 B. $85,000 C. $45,000 D. $4,250,000
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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%