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zvonat [6]
3 years ago
5

Bountiful Water Services had net income for the month of October of $ 40 comma 400. Assets as of the beginning and end of the mo

nth totaled $ 346 comma 000​, and $ 462 comma 000​, respectively. Calculate Bountiful Water​ Services' ROA for the month of October
Business
1 answer:
ipn [44]3 years ago
4 0

Answer:

The ROA for the month of October was 10%

Explanation:

Return over Assets: It represent the yield of the company base on the resources it has during the period.

Return Over Assets =   Net income / average Assets

<em>were average assets = ( beginning + ending ) / 2</em>

Net income  $40,400

Beginning Assets $346,000

Ending Assets       $462,000

Average Assets     $404,000

ROA =  40,400/404,000  =  10%

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2 years ago
Find the sum of 2x kg and 5x g. Give the answer in grammes.​
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2 years ago
The Federal Reserve _____ the money supply to lower inflation.
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6 0
2 years ago
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Leas Corporation staffs a helpline to answer questions from customers. The costs of operating the helpline are variable with res
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3 years ago
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