Wildhorse Industries reports the following information (in millions) during a recent year: Net Sales = $15,600.0 million Net Earnings = $425.0 million Total Assets, Ending = $6,500.0 million Total Assets, Beginning = $5,850.0 million Calculate the Return on Assets (ROA).

Wildhorse Industries reports the following information (in millions) during a recent year: Net Sales = $15,600.0 million Net Earnings = $425.0 million Total Assets, Ending = $6,500.0 million Total Assets, Beginning = $5,850.0 million Calculate the Return on Assets (ROA).

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 51E: Juroe Company provided the following income statement for last year: Juroes balance sheet as of...

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Question

Calculate the return on assets of this general accounting question

Wildhorse Industries reports the following information (in millions)
during a recent year:
Net Sales = $15,600.0 million
Net Earnings = $425.0 million
Total Assets, Ending = $6,500.0 million
Total Assets, Beginning = $5,850.0 million
Calculate the Return on Assets (ROA).

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