General Accounting question Company XYZ reports the following financial information:.Net Income: $125,000Average Total Assets: $500,000Sales Revenue: $750,000Calculate the company's return on assets (ROA).a) 15%b) 25%c) 30%d) 35%

To calculate the Return on Assets (ROA), the formula is: ROA = (Net Income / Average Total Assets) ×…

Answered: Company XYZ reports the following…

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter3: Evaluation Of Financial Performance

Section: Chapter Questions

Problem 19P

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Assume the following sales data for a company: Current year $1,025,000 Preceding year 820,000 What is the percentage increase in sales from the preceding year to the current year? Oa. 125% Ob. 25% Oc. 75% Od. 100%
Return on Total Assets A company reports the following income statement and balance sheet information for the current year: Net income $661,910Interest expense 116,810Average total assets 6,280,000Determine the return on total assets. If required, round the answer to one decimal place.fill in the blank 1 %

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Company XYZ reports the following financial information: . Net Income: $125,000 Average Total Assets: $500,000 Sales Revenue: $750,000 Calculate the company's return on assets (ROA). a) 15% b) 25% c) 30% d) 35%