If total assets are $325 million and net income is $40 million, then the ROA is __________. 20.25% 12% incalculable without EBIT data incalculable without total revenue data

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If total assets are $325 million and net income is $40 million, then the ROA is 12%. Solution To calculate the Return on Assets (ROA), we need two pieces of information: total assets and net income. ROA = (Net Income / Total Assets) * 100 Given that the total assets are $325 million and the net income is $40 million, we can substitute these values into the formula: ROA = (40 million / 325 million) * 100 = 0.123 * 100 = 12.3% Therefore, the ROA is 12.3%. Therefore, the correct statement is: "The ROA is 12%."

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Asked 1/11/2022 7:39:49 AM

Updated 5/28/2023 1:11:41 AM

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Aj25

If total assets are $325 million and net income is $40 million, then the ROA is 12%.
Solution
To calculate the Return on Assets (ROA), we need two pieces of information: total assets and net income.

ROA = (Net Income / Total Assets) * 100

Given that the total assets are $325 million and the net income is $40 million, we can substitute these values into the formula:

ROA = (40 million / 325 million) * 100
= 0.123 * 100
= 12.3%

Therefore, the ROA is 12.3%. Therefore, the correct statement is: "The ROA is 12%."

Added 5/28/2023 1:11:41 AM

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