Need your help with question A company has net income of $268,000 andtotal 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%

For this question we must compute for the Return on Assets or ROA.Return on assets (ROA) is a…

Answered: A company has net income of $268,000…

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...

See similar textbooks

Similar questions

Give me Answer
Ans
ANSWER
A company has a net income
What is ROA? Accounting question
Assume Metro Corporation had a net income of $2,200 for the year ending December 31. Its beginning and ending total assets were $35,500 and $19,000, respectively. Calculate Metro's return on assets (ROA). (Round your percentage answer to two decimal places.) A. 11.58% B. 4.04% C. 8.07% D. 6.20%
You find the following financial information about a company: net working capital = $1,071; fixed assets $7,297; total assets = $11,686; and long-term debt = $4,381. What is the company's total equity? Multiple Choice $3,987 $8,539 $4,389 $6,457 $9,387
Question
A company reports the following information: Sales of $100,000; Beginning assets of $200,000, Ending assets of $250,000; Net Income of $5,000. The return on assets (to the nearest whole number) is: a. 555% b. 44% c. 2% d. 5%
Need help with this Question
Amir Company’s net income and net sales are $18,000 and $1,100,000, respectively,and average total assets are $100,000. What is Amir’s return on assets?a. 20.0%b. 18.0%c. 3.7%d. 7.0%
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%.

SEE MORE QUESTIONS

Recommended textbooks for you

Cornerstones of Financial Accounting

Accounting

ISBN:

9781337690881

Author:

Jay Rich, Jeff Jones

Publisher:

Cengage Learning

Financial Accounting: The Impact on Decision Make…

Accounting

ISBN:

9781305654174

Author:

Gary A. Porter, Curtis L. Norton

Publisher:

Cengage Learning

Cornerstones of Financial Accounting

Accounting

ISBN:

9781337690881

Author:

Jay Rich, Jeff Jones

Publisher:

Cengage Learning

Financial Accounting: The Impact on Decision Make…

Accounting

ISBN:

9781305654174

Author:

Gary A. Porter, Curtis L. Norton

Publisher:

Cengage Learning

SEE MORE TEXTBOOKS

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%