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In 2022, Oakridge Inc. reported a net income of $4.8 billion. The company had average total assets of $60 billion during the year. What is Oakridge Inc.'s return on total assets? a. 6.0% b. 8.0% C. 10.0% d. 12.0%

In 2022, Oakridge Inc. reported a net income of $4.8 billion. The company had average total assets of $60 billion during the year. What is Oakridge Inc.'s return on total assets? a. 6.0% b. 8.0% C. 10.0% d. 12.0%

EBK CONTEMPORARY FINANCIAL MANAGEMENT
EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter16: Working Capital Policy And Short-term Financing
Section: Chapter Questions
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In 2022, Oakridge Inc. reported a net income of $4.8 billion. The company had average total assets of $60 billion during the year. What is Oakridge Inc.'s return on total assets? a. 6.0% b. 8.0% C. 10.0% d. 12.0%
Transcribed Image Text:In 2022, Oakridge Inc. reported a net income of $4.8 billion. The company had average total assets of $60 billion during the year. What is Oakridge Inc.'s return on total assets? a. 6.0% b. 8.0% C. 10.0% d. 12.0%
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