The following information is provided for Northridge Inc.: ($ in millions) Northridge Inc. Net income 2023 $520 Net sales 2023 5,200 Total assets, 12/31/212,800 Total assets, 12/31/22 3,500 Total assets, 12/31/23 4,200 Question: What is Northridge's return on assets (ROA) for 2023?
The following information is provided for Northridge Inc.: ($ in millions) Northridge Inc. Net income 2023 $520 Net sales 2023 5,200 Total assets, 12/31/212,800 Total assets, 12/31/22 3,500 Total assets, 12/31/23 4,200 Question: What is Northridge's return on assets (ROA) for 2023?
Fundamentals Of Financial Management, Concise Edition (mindtap Course List)
10th Edition
ISBN:9781337902571
Author:Eugene F. Brigham, Joel F. Houston
Publisher:Eugene F. Brigham, Joel F. Houston
Chapter3: Financial Statements, Cash Flow, And Taxes
Section: Chapter Questions
Problem 19SP
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Please explain the solution to this general accounting problem with accurate principles.
Transcribed Image Text:The following information is provided
for Northridge Inc.:
($ in millions)
Northridge Inc.
Net income 2023
$520
Net sales 2023
5,200
Total assets, 12/31/212,800
Total assets, 12/31/22 3,500
Total assets, 12/31/23 4,200
Question:
What is Northridge's return on assets
(ROA) for 2023?
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