Use the data given below. Component Profitability (Net income/Sales) 2015 2014 9.20% 13.30% Productivity (Sales/Average assets) 1.41% 1.32% Compute the company's ROA for 2015.
Use the data given below. Component Profitability (Net income/Sales) 2015 2014 9.20% 13.30% Productivity (Sales/Average assets) 1.41% 1.32% Compute the company's ROA for 2015.
Chapter5: Evaluating Operating And Financial Performance
Section: Chapter Questions
Problem 7EP
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Need help this question general accounting
![Use the data given below.
Component
Profitability (Net income/Sales)
2015 2014
9.20% 13.30%
Productivity (Sales/Average assets) 1.41% 1.32%
Compute the company's ROA for 2015.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F969d32b8-44ba-486d-9c42-3572a9c5425b%2F86516200-273d-4153-b3bc-ab9744056cff%2Fevt8q37_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Use the data given below.
Component
Profitability (Net income/Sales)
2015 2014
9.20% 13.30%
Productivity (Sales/Average assets) 1.41% 1.32%
Compute the company's ROA for 2015.
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