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Georgia [21]
3 years ago
9

Assume Metro Company had a net income of​ $2,100 for the year ending December 2018. Its beginning and ending total assets were​

$33,500 and​ $19,500, respectively. Calculate​ Metro's return on assets​ (ROA). (Round your percentage answer to two decimal​ places.)
Business
1 answer:
Sever21 [200]3 years ago
7 0

Answer:

7.92%

Explanation:

The computation of the return on total assets is shown below:

Return on assets = (Net income) ÷ (average of total assets)

where,  

Net income is $2,100

Average total assets = (Beginning total assets + ending total assets) ÷ 2

= ($33,500 + $19,500) ÷ 2

= $26,500

Now put these values to the above formula  

So, the ratio would equal to

= $2,100 ÷ $26,500

= 7.92%

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<em><u>Fourth year:</u></em>

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We calcualte rate that is equivalent with the following cash flow:

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We solve using excel goal seek

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Nike inadvertently offended Chinese officials when it ran an ad featuring LeBron James crushing a number of revered Chinese figu
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Anuta_ua [19.1K]

Answer:

The answer is $18,870 .

Explanation:

In this question, the net realizable value of account receivables will be determined by the total credit sales during the year, cash collection from account receivable; the estimated uncollectible amount from credit sales.

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