Entrepreneurial Finance
Entrepreneurial Finance
6th Edition
ISBN: 9781337635653
Author: Leach
Publisher: Cengage
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Return on assets in 2023 ? General accounting

Horizon Electronics had the following 2023 financial
statement relationships:
Metric
Asset Turnover
Value
6
Profit Margin on Sales 0.015
What was Horizon Electronics' percentage return on
assets (ROA) in 2023?
a) 0.09%
b) 0.9%
c) 9.0%
d) 15.0%
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Transcribed Image Text:Horizon Electronics had the following 2023 financial statement relationships: Metric Asset Turnover Value 6 Profit Margin on Sales 0.015 What was Horizon Electronics' percentage return on assets (ROA) in 2023? a) 0.09% b) 0.9% c) 9.0% d) 15.0%
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Entrepreneurial Finance
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ISBN:9781337635653
Author:Leach
Publisher:Cengage