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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- Need help with this QuestionAmir 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%.