Give me answer please A company has assets totaling $150,000, liabilitiestotaling $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%

Step 1: Definition of Return on Assets (ROA):Return on Assets (ROA) is a financial ratio that…

Answered: A company has assets totaling $150,000,…

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter5: Completing The Accounting Cycle

Section: Chapter Questions

Problem 15MC: If current assets are $112,000 and current liabilities are $56,000, what is the current ratio? A....

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If current assets are $112,000 and current liabilities are $56,000, what is the current ratio? A. 200 percent B. 50 percent C. 2.0 D. $50,000
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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%