Answered

Welcome to Westonci.ca, where finding answers to your questions is made simple by our community of experts. Join our Q&A platform to get precise answers from experts in diverse fields and enhance your understanding. Join our platform to connect with experts ready to provide precise answers to your questions in different areas.

Fastforward has net income of $18,955, and assets at the beginning of the year of $200,000. assets at the end of the year total $246,000. compute its return on assets. a. 7.7%. b. 8.5%. c. 9.5%. d. 11.8%

Sagot :

Its return on assets is 8.5%.

What is  return on assets?

The return on assets measures how profitable a company's assets are at generating income.

Return on assets (ROA) measures how lucrative a company is in relation to the assets or resources it owns or controls. ROA can help investors uncover potential stock opportunities because it reveals how efficient a firm is at leveraging its assets to produce profits.

Return on Equity (ROE) is commonly defined as net income divided by equity, whilst Return on Assets (ROA) is defined as net income divided by average assets.

Return on Assets (ROA) is a sort of ROI metric that assesses a company's profitability in relation to its total assets.

To know more about  return on assets follow the link:

https://brainly.com/question/17289987

#SPJ4

Thank you for your visit. We're committed to providing you with the best information available. Return anytime for more. Thanks for stopping by. We strive to provide the best answers for all your questions. See you again soon. Thank you for visiting Westonci.ca. Stay informed by coming back for more detailed answers.