Kindly help me with accounting questions A company has:⚫ Net income: $8,000,000⚫ Total assets: $25,000,000⚫ Total debt: $10,000,000Calculate the company's Return on Assets.

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

Answered: A company has: ⚫ Net income: $8,000,000…

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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Similar questions

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.
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Please provide correct answer general accounting
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A company has net income of $300,000, net sales of $2,500,000, and total assets of $2,000,000. Its return on total assets equals a. 6.7%. c. 8.3%. e. 15.0%. b. 12.0%. d. 80.0%.
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You find the following financial information about a company: net working capital = $7, 809; total assets $11,942; and long-term debt Multiple Choice $9, 115 $4, 507 $10, 339 $6, 129 $4, 133 = = = $1, 287; fixed assets $4,589. What is the company's total equity?
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A company has: ⚫ Net income: $8,000,000 ⚫ Total assets: $25,000,000 ⚫ Total debt: $10,000,000 Calculate the company's Return on Assets.