Its return on assets is 0.1025.
Given,
Income = $204 million
Average invested assets = $1,990 million
Return on assets = Net income / total assets
= $204 million / 1,990 million
=0.1025
Therefore, Return on asset is 0.1025.
Return on assets (ROA) is a measure of how efficiently a company uses the assets it owns to generate profits. Analysts, managers, and investors use Return on assets to evaluate a company's financial health.
Net income is what the business has left over after all its expenses, including salary and wages, cost of the goods or raw material and taxes.
To learn more about Return on assets here:
brainly.com/question/14969411
#SPJ4
Labor contract.
A labor contract sets for the rights and responsibilities of labor and management for unions and other labor groups.
<u>If the exchange rate between the U.S. dollar and </u><u>Japanese </u><u>yen changes from</u><u> $1 = 100 yen</u><u> to </u><u>$1 = 90 yen,</u><u> then: Japanese tourists to the U.S. will benefit.</u>
What happens in the foreign exchange market when a surplus of dollars exists?
- The supply and demand of each currency must be equal in order for the foreign exchange market to be in equilibrium, as it is in every market.
- Until equilibrium is reached, the exchange rate will change according to whether there is a surplus or shortage on the market.
What connection exists between the supply of foreign currency and the exchange rate?
- This decreases demand for exports and reduces the amount of foreign currency available, much like how domestic goods become more expensive for foreign consumers when the foreign exchange rate declines.
- As a result, there is a direct connection between the supply of foreign currency and the foreign exchange rate.
Learn more about foreign exchange
brainly.com/question/13717814
#SPJ4
Answer:
Explanation:
The journal entry is shown below:
Cash A/c Dr $51.75 (3 Million × $17.25)
To Paid-in capital in excess of par value A/c $51.60
To Common shares A/c $0.15 (3 Million × 0.05)
(Being the sale of shares is made)
The remaining balance is credited to the Paid-in capital in excess of par value i.e $51.60 ($51.75 - $0.15)
All the amounts are in million
Answer:
Partnership
Explanation:
When you share ownership of a company, you are partnering with someone.
