Calculate the return on assets (ROA) for Company HH using the following information: Net Income: $500,000 Average Total Assets: $4, 500,000 What is the ROA ( Return on Assets)? a) 8.89% b) 11.11% c) 9.52% d) 10.45%

Calculate the return on assets (ROA) for Company HH using the following information: Net Income: $500,000 Average Total Assets: $4, 500,000 What is the ROA ( Return on Assets)? a) 8.89% b) 11.11% c) 9.52% d) 10.45%

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Please Don't use chatgpt or other ai tool. If you know correct answer then attempt if you gave wrong answer then i gave 14 dislikes for you and more from my friend's accounts also. Calculate the return on assets (ROA) for Company HH using the following information: Net Income: $500,000 Average Total Assets: $4, 500,000 What is the ROA ( Return on Assets)? a) 8.89% b) 11.11% c) 9.52% d) 10.45%

Definition Definition Structural system an enterprise uses to collect, store, report, retrieve, and process financial data. Accounting information systems are used by business analysts, auditors, accountants, and consultants for accurate and efficient access to financial data.

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