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A company has net income of $268,000 and total assets of $2,576,000. What is the ROA? (A) 5.07% (B) 8.78% (C) 10.40% (D) 11.5% Answer: C) 10.40%

A company has net income of $268,000 and total assets of $2,576,000. What is the ROA? (A) 5.07% (B) 8.78% (C) 10.40% (D) 11.5% Answer: C) 10.40%

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 15MCQ: Hummel Inc. has $30,000 in current assets and $15,000 in current liabilities. What is Hummels...
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A company has net income of $268,000 and total assets of $2,576,000. What is the ROA? (A) 5.07% (B) 8.78% (C) 10.40% (D) 11.5% Answer: C) 10.40%
Transcribed Image Text:A company has net income of $268,000 and total assets of $2,576,000. What is the ROA? (A) 5.07% (B) 8.78% (C) 10.40% (D) 11.5% Answer: C) 10.40%
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