If a company has long-term assets of $3,800,000, total assets of $4,100,000, sales of $5,800,000, cost of goods sold of $4,300,000, and net income of $460,000,the return on assets ratio isO 10.7%O 12.1%O 7.9%O 11.2%

Return On Assets (ROA) : Return on assets (ROA) refers to a financial ratio that measures a…

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Business

Accounting

the return on assets ratio is

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter15: Capital Investment Analysis

Section: Chapter Questions

Problem 15.5.1MBA

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