Provide correct answer this general accounting question Frog Tech had net income of $2,800,000, netsales of $22,000,000, and average total assetsof $6,800,000.What is its return on total assets?

Step 1: Define Return on Total AssetsReturn on Total Assets (ROA) is a financial ratio that measures…

Answered: Frog Tech had net income of $2,800,000,…

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter6: Accounting For Financial Management

Section: Chapter Questions

Problem 4MC

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Frog Tech had net income of $2,800,000, net sales of $22,000,000, and average total assets of $6,800,000. What is its return on total assets?