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%

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%
Transcribed Image Text: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%
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