Answered: ABC Tech reports net income of $250,000…

ABC Tech reports net income of $250,000 and net sales of $600,000. Total assets were $900,000 at the beginning and $1,100,000 at the end of the year. Calculate return on assets (ROA).

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter12: Balanced Scorecard And Other Performance Measures

Section: Chapter Questions

Problem 6EA: During the current year, Sokowski Manufacturing earned income of $350,000 from total sales of...

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Question

Calculate return on assets of this general accounting question

ABC Tech reports net income of $250,000 and net sales of $600,000.
Total assets were $900,000 at the beginning and $1,100,000 at the end of
the year.
Calculate return on assets (ROA).

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