Ramsey had income of $215 million and average invested assets of $2,150 million. What is Ramsey's return on assets?

Entrepreneurial Finance
6th Edition
ISBN:9781337635653
Author:Leach
Publisher:Leach
Chapter15: Harvesting The Business Venture Investment
Section: Chapter Questions
Problem 1cM
icon
Related questions
Question

Solve this General accounting problem

Ramsey had income of $215
million and average invested
assets of $2,150 million.
What is Ramsey's return on
assets?
Transcribed Image Text:Ramsey had income of $215 million and average invested assets of $2,150 million. What is Ramsey's return on assets?
Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Entrepreneurial Finance
Entrepreneurial Finance
Finance
ISBN:
9781337635653
Author:
Leach
Publisher:
Cengage