At Westonci.ca, we connect you with the best answers from a community of experienced and knowledgeable individuals. Get detailed and accurate answers to your questions from a community of experts on our comprehensive Q&A platform. Our platform offers a seamless experience for finding reliable answers from a network of knowledgeable professionals.
Sagot :
Its return on assets is 0.1025.
Given,
Income = $204 million
Average invested assets = $1,990 million
Return on assets = Net income / total assets
= $204 million / 1,990 million
=0.1025
Therefore, Return on asset is 0.1025.
Return on assets (ROA) is a measure of how efficiently a company uses the assets it owns to generate profits. Analysts, managers, and investors use Return on assets to evaluate a company's financial health.
Net income is what the business has left over after all its expenses, including salary and wages, cost of the goods or raw material and taxes.
To learn more about Return on assets here:
https://brainly.com/question/14969411
#SPJ4
Thank you for trusting us with your questions. We're here to help you find accurate answers quickly and efficiently. Thanks for using our service. We're always here to provide accurate and up-to-date answers to all your queries. We're glad you visited Westonci.ca. Return anytime for updated answers from our knowledgeable team.