a company had net income of $2,660,000, net sales of $25,000,000, and average to
ID: 2372370 • Letter: A
Question
a company had net income of $2,660,000, net sales of $25,000,000, and average total assets of $8,000,000. Its return on total assets equals: : 3.01%. 10.64%. 32.00%. 33.25%. 300.75%. a company had net income of $2,660,000, net sales of $25,000,000, and average total assets of $8,000,000. Its return on total assets equals: : 3.01%. 10.64%. 32.00%. 33.25%. 300.75%. a company had net income of $2,660,000, net sales of $25,000,000, and average total assets of $8,000,000. Its return on total assets equals: a company had net income of $2,660,000, net sales of $25,000,000, and average total assets of $8,000,000. Its return on total assets equals: 3.01%. 10.64%. 32.00%. 33.25%. 300.75%. 3.01%. 10.64%. 32.00%. 33.25%. 300.75%. 3.01%. 10.64%. 32.00%. 33.25%. 300.75%.Explanation / Answer
ROA = Annual Net IncomeAverage Total Assets
$2,660,000/$8,000,000=33.25%