EBK CONTEMPORARY FINANCIAL MANAGEMENT
EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN: 9781337514835
Author: MOYER
Publisher: CENGAGE LEARNING - CONSIGNMENT
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A company has assets totaling $150,000, liabilities
totaling $80,000, and net income for the period totaling
$60,000. Calculate the return on assets (ROA).
a) 30%
b) 45%
c) 50%
d) 40%
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Transcribed Image Text:A company has assets totaling $150,000, liabilities totaling $80,000, and net income for the period totaling $60,000. Calculate the return on assets (ROA). a) 30% b) 45% c) 50% d) 40%
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