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Some selected financial statement items belonging to MNO Company are given in the table below. According to this information, which of the following is Return on Assets (ROA)? Inventory 12,500 Current Assets 50,000 Current Liabilities 40,000 Non-current Assets 90,000 Net Profit 12,000 Shareholders' Equity 65,000 Select one: a. 18.5% b. 12.2% c. 9.23% d. 13.3%

Some selected financial statement items belonging to MNO Company are given in the table below. According to this information, which of the following is Return on Assets (ROA)? Inventory 12,500 Current Assets 50,000 Current Liabilities 40,000 Non-current Assets 90,000 Net Profit 12,000 Shareholders' Equity 65,000 Select one: a. 18.5% b. 12.2% c. 9.23% d. 13.3%

College Accounting, Chapters 1-27 (New in Accounting from Heintz and Parry)
College Accounting, Chapters 1-27 (New in Accounting from Heintz and Parry)
22nd Edition
ISBN:9781305666160
Author:James A. Heintz, Robert W. Parry
Publisher:James A. Heintz, Robert W. Parry
Chapter15: Financial Statements And Year-end Accounting For A Merchandising Business
Section: Chapter Questions
Problem 4CE
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Some selected financial statement items belonging to MNO Company are given in the table below. According to this information, which of the following is Return on Assets (ROA)?

Inventory 12,500
Current Assets 50,000
Current Liabilities 40,000
Non-current Assets 90,000
Net Profit 12,000
Shareholders' Equity 65,000

Select one:
a. 18.5%
b. 12.2%
c. 9.23%
d. 13.3%

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