9 QS 1-21 (Algo) Computing and interpreting return on assets LO A2Home Demo reported the following results.SalesNet incomeAverage 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 billionComplete this question by entering your answers in the tabs below.Required A Required BCompute Home Demo's return on assets.Note: Enter the values in billions.Numerator:Denominator:==< Required AReturn on assetsRequired B >

Return on assets :— It is the ratio between net income and average total assets. It is calculated…

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