Homework Help is Here – Start Your Trial Now!
Business
Accounting
ROA (return over assets for year 2021 and 2020

ROA (return over assets for year 2021 and 2020

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
See similar textbooks
icon
Related questions
Question

How do I find the ROA (return over assets for year 2021 and 2020?

ASSETS Current assets: Cash and cash equivalents Short-term investments Accounts receivable, net of allowances of $20.2 and $17.7 as of December 31, 2021, and 2020, respectively Inventory Prepaids and other current assets Total current assets Property, plant, and equipment, net Long-term investments Deferred tax assets Intangible and other assets, net Goodwill Total assets $ 2021 December 31, 1,290.9 $ 2,913.1 782.7 587.1 271.1 5,844.9 1,876.4 4,415.5 441.4 633.2 343.6 13,555.0 $ 2020 1,622.6 3,488.8 645.5 601.5 267.5 6,625.9 1,577.3 1,757.7 367.7 503.6 336.7 11,168.9
Transcribed Image Text:ASSETS Current assets: Cash and cash equivalents Short-term investments Accounts receivable, net of allowances of $20.2 and $17.7 as of December 31, 2021, and 2020, respectively Inventory Prepaids and other current assets Total current assets Property, plant, and equipment, net Long-term investments Deferred tax assets Intangible and other assets, net Goodwill Total assets $ 2021 December 31, 1,290.9 $ 2,913.1 782.7 587.1 271.1 5,844.9 1,876.4 4,415.5 441.4 633.2 343.6 13,555.0 $ 2020 1,622.6 3,488.8 645.5 601.5 267.5 6,625.9 1,577.3 1,757.7 367.7 503.6 336.7 11,168.9
Revenue: Product Service Total revenue Cost of revenue: Product Service Total cost of revenue Gross profit Operating expenses: Selling, general and administrative Research and development Total operating expenses Income from operations Interest and other income, net Income before taxes Income tax expense Net income $ 2021 4,793.9 $ 916.2 5,710.1 1,464.1 287.5 1,751.6 3,958.5 1,466.5 671.0 2,137.5 1,821.0 69.3 1,890.3 162.2 1,728.1 2020 3,634.6 723.8 4,358.4 1,230.3 266.9 1,497.2 2,861.2 1,216.3 595.1 1,811.4 1,049.8 157.2 1,207.0 140.2 1,066.8
Transcribed Image Text:Revenue: Product Service Total revenue Cost of revenue: Product Service Total cost of revenue Gross profit Operating expenses: Selling, general and administrative Research and development Total operating expenses Income from operations Interest and other income, net Income before taxes Income tax expense Net income $ 2021 4,793.9 $ 916.2 5,710.1 1,464.1 287.5 1,751.6 3,958.5 1,466.5 671.0 2,137.5 1,821.0 69.3 1,890.3 162.2 1,728.1 2020 3,634.6 723.8 4,358.4 1,230.3 266.9 1,497.2 2,861.2 1,216.3 595.1 1,811.4 1,049.8 157.2 1,207.0 140.2 1,066.8
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 3 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Knowledge Booster
Ratio Analysis
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education
SEE MORE TEXTBOOKS