(ROA). An analyst has compiled the following 2023 information about Horizon Technologies (inmillions):• Income Statement Data:• Net Sales = $720••Cost of Goods Sold (COGS) = $360•Selling, General & Administrative (SG&A) Expense = $65• Interest Expense = $15Income Taxes = $70Net Income = $210Balance Sheet Data:•Beginning Total Assets = $980Ending Total Assets = $1,050Based on this information, compute Horizon Technologies' return on assets (ROA).

Average total assets = (Beginning total assets + Ending total assets)/2Average total assets =…

Answered: An analyst has compiled the following…

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 90PSB

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based on this information, compute horizon technologies' return on assets (ROA).
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