Sub. General accounting Bradford Inc. provides the following financial data for the year ending December 31,2023:Net sales: $750,000•Net income: $180,000• Total assets at January 1, 2023: $2,400,000•Total assets at December 31, 2023: $3,600,000What is Bradford Inc.'s rate of return on assets (ROA) for 2023?

Step 1: Definition of Return on Assets (ROA)The Return on Assets (ROA) is a financial metric that…

Answered: Bradford Inc. provides the following…

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter12: Fainancial Statement Analysis

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Problem 54CE

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Suppose during 2023, BlueStar Shipping reported the following financial information (in millions): Net Sales: $40,000 Net Income: $150 Total Assets at Beginning of Year: $26,000 • Total Assets at End of Year: $24,800 Calculate the following: (a) Asset Turnover (b) Return on Assets (ROA) as a percentage
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Suppose in its 2027 annual report that McDonald's Corporation reports beginning total assets of $20.80 billion, ending total assets of $19.20 billion, net sales of $21.80 billion, and net income of $4.10 billion. (a) Compute McDonald's return on assets. (Round return on assets to one decimal place, e.g. 5.1%.) McDonald's return on assets % (b) Compute McDonald's asset turnover. (Round asset turnover to 2 decimal places, e.g. 5.12.) McDonald's asset turnover times
Subject. General accounting
Suppose in its 2022 annual report that McDonald's Corporation reports beginning total assets of $29.25 billion, ending total assets of $30.75 billion, net sales of $21.30 billion, and net income of $3.90 billion. (a) Compute McDonald's return on assets. (Round return on assets to 2 decimal places, e.g. 5.12%.) McDonald's return on assets % (b) Compute McDonald's asset turnover. (Round asset turnover to 2 decimal places, e.g. 5.12.) McDonald's asset turnover times
The following financial information is provided for Brightstar Corp.: Net Income (2023): $500 million Total Assets on January 1, 2023: $3,500 million Total Assets on December 31, 2023: $4,500 million What is Brightstar Corp. _ s return on assets (ROA) for 2023? A. 11.80% B. 12.50% C. 13.20% D. 14.00%

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Bradford Inc. provides the following financial data for the year ending December 31, 2023: Net sales: $750,000 • Net income: $180,000 • Total assets at January 1, 2023: $2,400,000 • Total assets at December 31, 2023: $3,600,000 What is Bradford Inc.'s rate of return on assets (ROA) for 2023?