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Sales for the year = $246,687, net income for the year = $22,965, and average assets during the year = $136,357. return on assets (roa) for the year is: select one: a. 53.8% b. 16.8% c. 9.3% d. there is
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Sales for the year = $246,687, net income for the year = $22,965, and average assets during the year = $136,357. return on assets (roa) for the year is: select one:

a. 53.8%
b. 16.8%
c. 9.3%
d. there is not enough information to calculate roa.
e. none of the above

User Kevin Shuguli
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1 Answer

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ROA=net income÷average assets
ROA=22,965÷136,357=0.168×100=16.8%
User David Newswanger
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