
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 find: The assets and liabilities of new company AccountApp
To find: The return on assets from total average assets during the year.

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Chapter 1 Solutions
Loose Leaf for Fundamental Accounting Principles
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