Assume Global Cleaning Service had a net income of $570 for the year. Global Cleaning Service’s beginning and ending total assets were $4,520 and $4,180, respectively. Calculate Global Cleaning Service’s return on assets (ROA) for the year. 12.6% 13.6% 13.1% 7.63%
Assume Global Cleaning Service had a net income of $570 for the year. Global Cleaning Service’s beginning and ending total assets were $4,520 and $4,180, respectively. Calculate Global Cleaning Service’s return on assets (ROA) for the year. 12.6% 13.6% 13.1% 7.63%
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Assume Global Cleaning Service had a net income of $570 for the year. Global Cleaning Service’s beginning and ending total assets were $4,520 and $4,180, respectively. Calculate Global Cleaning Service’s return on assets (ROA) for the year.
- 12.6%
- 13.6%
- 13.1%
- 7.63%
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