A company has net income of $268,000 and total assets of $2,576,000. What is the ROA?

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 53CE: Profitability Ratios The following data came from the financial statements of Israel Company:...
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A company has net income of $268,000 and total assets of $2,576,000. What is the ROA?

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