Cedar Hills Corporation reports sales for the year of $320,450, net income for the year of $30,000, and average assets during the year of $180,000. What is the Return on Assets (ROA) for the year? A) 12.31% B) 16.67% C) 9.85% D) 15.52% E) None of the above

Cedar Hills Corporation reports sales for the year of $320,450, net income for the year of $30,000, and average assets during the year of $180,000. What is the Return on Assets (ROA) for the year? A) 12.31% B) 16.67% C) 9.85% D) 15.52% E) None of the above

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 52E: Juroe Company provided the following income statement for last year: Juroes balance sheet as of...

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What is the return on assets for the year on these financial accounting question?

Cedar Hills Corporation reports sales for the year
of $320,450, net income for the year of $30,000,
and average assets during the year of $180,000.
What is the Return on Assets (ROA) for the year?
A) 12.31%
B) 16.67%
C) 9.85%
D) 15.52%
E) None of the above

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