Please help me with this question general accounting XYZ Corporation has the following financial information:Total Assets: $15,750 million•Net Earnings: $642 millionCalculate the Return on Assets (ROA) and select the correct answer:a. 3.75%b. 4.08%c. 5.25%d. 4.58%

Step 1: Define Return on Assets (ROA)Return on Assets (ROA) measures how efficiently a company uses…

Answered: XYZ Corporation has the following…

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter3: Evaluation Of Financial Performance

Section: Chapter Questions

Problem 19P

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XYZ Corporation has the following financial information: Total Assets: $15,750 million • Net Earnings: $642 million Calculate the Return on Assets (ROA) and select the correct answer: a. 3.75% b. 4.08% c. 5.25% d. 4.58%