The following is selected data for Orion Labs: 2023 2022 Sales $1,500,000 $1,400,000 Net Income $135,000 $115,000 Total Current Assets $200,000 $180,000 Property, Plant & Equipment $700,000 $690,000 What was Orion Labs' return on assets (ROA) in 2023?

Entrepreneurial Finance
6th Edition
ISBN:9781337635653
Author:Leach
Publisher:Leach
Chapter14: Security Structures And Determining Enterprise Values
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Can you help me solve this financial accounting question using valid financial accounting techniques?

The following is selected data for Orion Labs:
2023
2022
Sales
$1,500,000
$1,400,000
Net Income
$135,000 $115,000
Total Current Assets
$200,000
$180,000
Property, Plant & Equipment $700,000
$690,000
What was Orion Labs' return on assets (ROA) in 2023?
Transcribed Image Text:The following is selected data for Orion Labs: 2023 2022 Sales $1,500,000 $1,400,000 Net Income $135,000 $115,000 Total Current Assets $200,000 $180,000 Property, Plant & Equipment $700,000 $690,000 What was Orion Labs' return on assets (ROA) in 2023?
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