What is the return on assets for this general accounting question? Use the data given below for Everest Industries Ltd.ComponentProfitability (Net Income / Sales)202310.50%202212.80%Productivity (Sales / Average Assets) 1.35 1.40Compute the company's Return on Assets (ROA) for 2023.

Step 1: Define Return on Assets (ROA)Return on Assets (ROA) is a financial metric that measures a…

Answered: Use the data given below for Everest…

FINANCIAL ACCOUNTING

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19. Using the following information, calculate the return on assets. Net income for November Total assets, November 1 Total assets, November 30 15,555 85,000 98,000 $ Identify the formula and then solve for return on assets (ROA). (Round the ROA to the nearest tenth percent, X.X%.) ROA + + = %

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Use the data given below for Everest Industries Ltd. Component Profitability (Net Income / Sales) 2023 10.50% 2022 12.80% Productivity (Sales / Average Assets) 1.35 1.40 Compute the company's Return on Assets (ROA) for 2023.