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Lubov Fominskaja [6]
3 years ago
14

Matured Water Services had net income for the month of October of $ 50 comma 880. Assets as of the beginning and end of the mont

h totaled $ 362 comma 000â, and $ 486 comma 000â, respectively. Calculate Matured Waterâ Services' ROA for the month of October.
Business
1 answer:
Lelu [443]3 years ago
3 0

Answer:

12%

Explanation:

Given that,

Net income = $50,880

Asset at the beginning = 362,000

Asset at the end = 486,000

Average total assets:

= (Asset at the beginning + Asset at the end) ÷ 2

= (362,000 + 486,000) ÷ 2

= $424,000

Therefore,

ROA = Net income ÷ Average total assets

        = $50,880  ÷ $424,000

        = 0.12 or 12%

Therefore, the Matured Water Services' ROA for the month of October is 12%.

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Answer:

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Explanation:

This question is incomplete. Please check the attached image for a complete question.

A country has comparative advantage in the production of a good or service If it produces the good or service at a lower opportunity cost when compared to its trading partners.

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