During the fiscal year 2022, Faf Logistics reported net sales of $42,785 million and a net income of $145 million. At the beginning of the year, the company had total assets of $28,550 million, and by the end of the year, total assets had decreased to $26,980 million. What was Faf Logistics' Return on Assets (ROA) for 2022?

During the fiscal year 2022, Faf Logistics reported net sales of $42,785 million and a net income of $145 million. At the beginning of the year, the company had total assets of $28,550 million, and by the end of the year, total assets had decreased to $26,980 million. What was Faf Logistics' Return on Assets (ROA) for 2022?

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 51E: Juroe Company provided the following income statement for last year: Juroes balance sheet as of...

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