TechEdge Corporation reported the following: • Net Income: $420,000 Average Total Assets: $3,500,000 What is the Return on Assets (ROA)? A) 12.00% B) 12.50% C) 11.25% D) 12.75%
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- A return on assets of 5.15% means that a company is earning: O a. a $5.15 return on every $100 of assets minus liabilities. O b. a $5.15 return on every $100 of total assets. O c. a $5.15 return on every $100 of current assets. O d. a $5.15 return on every $100 invested in long-term assets.General AccountingA return on assets of 5.15% means that a company is earning: a.a $5.15 return on every $100 invested in long-term assets. b.a $5.15 return on every $100 of total assets. c.a $5.15 return on every $100 of assets minus liabilities. d.a $5.15 return on every $100 of current assets.
- MCQPlease given correct answer general accountingBB Corporation reported Net sales of $4.12 million and beginning total assets of $1.08 million and ending total assets of $1.52 million. The average total asset amount is__. A. $0.39 million B. $2.85 million C. $0.32 million D. $2.48 million E. $1.30 million answer