Given true answer general accounting question Henderson Manufacturing reported operating income of $625,000 forthe current year. The company's average total assets during the periodwere $4,200,000, and total liabilities were $1,250,000.Calculate Henderson's return on assets (ROA).

To find Henderson's Return on Assets (ROA), we use this formula and steps:

Answered: Henderson Manufacturing reported…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter12: Balanced Scorecard And Other Performance Measures

Section: Chapter Questions

Problem 6EA: During the current year, Sokowski Manufacturing earned income of $350,000 from total sales of...

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Subject: General Accounting
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Henderson Manufacturing reported operating income of $625,000 for the current year. The company's average total assets during the period were $4,200,000, and total liabilities were $1,250,000. Calculate Henderson's return on assets (ROA).