Please help me with this question 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%

Step 1: Define Return on Assets (ROA)The Return on Assets (ROA) measures a company's profitability…

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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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%