The return on assets of Boaz Company is 4.5%
Explanation:
Returns on assets is the calculation of the company’s Earnings before interest and tax (EBIT). The mathematical representation of return on assets is,

Given, Net income = 5 million $
Total assets in the beginning of the year = 100 million $ and Total assets in the end of the year = 120 million $


The return on assets of Boaz Company is 4.5%