
Concept introduction:
Asset: A resource which will generate a
Return on assets: Return on Assets (ROA) is the earnings generated by the business/management on the investment or assets /invested into a business. It indicates the efficiency of the business/ management by calculating the percentage of return, the business/management gives on the investment made. The calculation is done by dividing a company’s annual earning by its total assets. The return on assets is also known as
(1)To calculate: The amount of assets invested in Apple
(2)To calculate: Apple’s return on assets for the fiscal year 2015
(3)To find: The total expense for the year ended September 26, 2015
(4)To find: Whether the return on assets is satisfactory for the year 2015

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Chapter 1 Solutions
Loose Leaf for Fundamental Accounting Principles
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