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?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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
I added a picture of the problem I'm working on.
I fleet I'm close. Thanks
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