Hello, I'm trying to figure out the "return on assets" ratio for 2017. I THINK it's 12.29% but I'm not sure if I'm adding up the right rows. I included total assets but my friend said I'm wrong. Do I exclude land, building and depreciation?

Hello, I'm trying to figure out the "return on assets" ratio for 2017. I THINK it's 12.29% but I'm not sure if I'm adding up the right rows. I included total assets but my friend said I'm wrong. Do I exclude land, building and depreciation?

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter11: Depreciation, Depletion, Impairment, And Disposal

Section: Chapter Questions

Problem 5C: The following two statements concern depreciation: 1. Because our plant was shut down for part of...

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Hello,

I'm trying to figure out the "return on assets" ratio for 2017. I THINK it's 12.29% but I'm not sure if I'm adding up the right rows. I included total assets but my friend said I'm wrong.

Do I exclude land, building and depreciation?

I added a picture of the problem I'm working on.

I fleet I'm close. Thanks

Definition Video Definition Accounting method wherein the cost of a tangible asset is spread over the asset's useful life. Depreciation usually denotes how much of the asset's value has been used up and is usually considered an operating expense. Depreciation occurs through normal wear and tear, obsolescence, accidents, etc. Video

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Section 179 Deduction and Modified Accelerated Cost Recovery System (MACRS) Depreciation

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