(Learning Objective 7: Calculate return on assets) Oscar Optical Corporation providesa full line of designer eyewear to consumers. Oscar reported the following information for 2018and 2017:2018 2017Sales revenue ...............................Net income..................................Average total assets.....................$500,000$ 43,700$230,000$410,000$ 34,650$210,000Compute return on assets (ROA) for 2018 and 2017. Using the DuPont model, identify thecomponents and state whether each improved or worsened from 2017 to 2018.
(Learning Objective 7: Calculate return on assets) Oscar Optical Corporation providesa full line of designer eyewear to consumers. Oscar reported the following information for 2018and 2017:2018 2017Sales revenue ...............................Net income..................................Average total assets.....................$500,000$ 43,700$230,000$410,000$ 34,650$210,000Compute return on assets (ROA) for 2018 and 2017. Using the DuPont model, identify thecomponents and state whether each improved or worsened from 2017 to 2018.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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(Learning Objective 7: Calculate return on assets) Oscar Optical Corporation provides
a full line of designer eyewear to consumers. Oscar reported the following information for 2018
and 2017:
2018 2017
Sales revenue ...............................
Net income..................................
Average total assets.....................
$500,000
$ 43,700
$230,000
$410,000
$ 34,650
$210,000
Compute return on assets (ROA) for 2018 and 2017. Using the DuPont model, identify the
components and state whether each improved or worsened from 2017 to 2018.
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