Calculate the Return on Assets (ROA) given that Net Income is $1,250 and Total Assets are $2,500. a) 50% b) 55% c) 60% d) 62%

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter5: Completing The Accounting Cycle
Section: Chapter Questions
Problem 15MC: If current assets are $112,000 and current liabilities are $56,000, what is the current ratio? A....
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Calculate the Return on Assets (ROA) given
that Net Income is $1,250 and Total Assets are
$2,500.
a) 50%
b) 55%
c) 60%
d) 62%
Transcribed Image Text:Calculate the Return on Assets (ROA) given that Net Income is $1,250 and Total Assets are $2,500. a) 50% b) 55% c) 60% d) 62%
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