Answer:
97/4
Step-by-step explanation:
Answer:
19.4 %
Step-by-step explanation:
The formula for<em> return on assets</em> (ROA) is
ROA = Net income /Total assets × 100 %
Since assets vary, we use the <em>average</em> of the total assets over the period.
<em>Calculate the average total assets</em>
At beginning of year, total assets = $263 000
At end of year, total assets = $313 000
Average = (313 000 + 263 000)/2
Average = 576 000/2
Average = $288 000
===============
<em>Calculate the ROA</em>
Net income = $56 000
ROA = 56 000/288 000 × 100 %
ROA = 0.194 × 100 %
ROA = 19.4 %
The company’s return on assets is 19.4 %.
It would be the letter A.
I hope this helps! <3
Lets round it to the nearest ten
A 97 ====> 100
B 118 ===> 120
C 179 ===> 180
D 5091 ==> 5090
No result yet, lets round to the nearest hindred.
A 97 ====> 100
B 118 ===> 100
C 179 ===> 180
D 5091 ==> 5100
As we can see only A give the same result when we round it to the nearest hundred and nearest ten.
So if my ans was helpful u can follow me.
