What is the firm's return on assets of this financial accounting question? Horizon Technologies Inc. has the following financial data:Net income: $15,000,000Total assets: $45,000,000Total debt: $18,000,000What is the firm's Return on Assets (ROA)?

Step 1: Definition of Return on Assets (ROA)Return on Assets (ROA) is a financial metric that…

Answered: Horizon Technologies Inc. has the…

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter3: Evaluation Of Financial Performance

Section: Chapter Questions

Problem 10P

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Subject: general accounting
What is the return on assets?

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Horizon Technologies Inc. has the following financial data: Net income: $15,000,000 Total assets: $45,000,000 Total debt: $18,000,000 What is the firm's Return on Assets (ROA)?