Answer? ? Financial 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).

Step 1: Definitions:Return on Assets (ROA): Measures how efficiently a company generates profit from…

Answered: Henderson Manufacturing reported…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

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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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calculate henderdons return on assets
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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).