Arrows net income of $120 million and average assets $1700 results in a return on assets of 7.06%.

2 answers:

5 0

True

-if you would please mark brainliest Bc I need to move up! Thanks and if you have any addition questions just inbox me!

Anarel [89]3 years ago

4 0

Answer:

The answer to the affirmation is:

True.

Explanation:

To identify the percentage return on assets, you must compare as a percentage the total average of the assets (which corresponds to 100% with Arrow's net income during that period of time (which is possibly one year), by of a simple rule of three, where:

$ 1.7 billion = 100%
$ 120 million = X

We proceed to calculate the value of X:

X = (120 * 100) / 1700
X = 12000/1700
X = 7.06%

So the statement is true.

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