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Home Demo reported the following results. $ 95 billion $ 12 billion $ 80 billion Sales Net income Average total assets (a) Compute Home Demo's return on assets. (b) Is Home Demo's return on assets better than the 7% return of Lows Hardware (a competitor)? Complete this question by entering your answers in the tabs below. Required A Required B Compute Home Demo's return on assets. Note: Enter the values in billions. Numerator: Denominator: = Return on assets

Home Demo reported the following results. $ 95 billion $ 12 billion $ 80 billion Sales Net income Average total assets (a) Compute Home Demo's return on assets. (b) Is Home Demo's return on assets better than the 7% return of Lows Hardware (a competitor)? Complete this question by entering your answers in the tabs below. Required A Required B Compute Home Demo's return on assets. Note: Enter the values in billions. Numerator: Denominator: = Return on assets

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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QS 1-21 (Algo) Computing and interpreting return on assets LO A2 Home Demo reported the following results. Sales Net income Average total assets. (a) Compute Home Demo's return on assets. (b) Is Home Demo's return on assets better than the 7% return of Lows Hardware (a competitor)? $ 95 billion $ 12 billion $ 80 billion Complete this question by entering your answers in the tabs below. Required A Required B Compute Home Demo's return on assets. Note: Enter the values in billions. Numerator: Denominator: = = < Required A Return on assets Required B >
Transcribed Image Text:QS 1-21 (Algo) Computing and interpreting return on assets LO A2 Home Demo reported the following results. Sales Net income Average total assets. (a) Compute Home Demo's return on assets. (b) Is Home Demo's return on assets better than the 7% return of Lows Hardware (a competitor)? $ 95 billion $ 12 billion $ 80 billion Complete this question by entering your answers in the tabs below. Required A Required B Compute Home Demo's return on assets. Note: Enter the values in billions. Numerator: Denominator: = = < Required A Return on assets Required B >
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