ome selected financial statement items belonging to MNO Company are given in the table below. According to this information, which of the following is Return on Assets (ROA) in 2021? Inventory 12,500 Total Assets in 2021 110,000 Current Liabilities 40,000 Total Assets in 2020 90,000 Net Profit 12,000 Shareholders' Equity 65,000 Select one: a. 0.18 b. 0.10 c. 0.13 d. 0.12
ome selected financial statement items belonging to MNO Company are given in the table below. According to this information, which of the following is Return on Assets (ROA) in 2021? Inventory 12,500 Total Assets in 2021 110,000 Current Liabilities 40,000 Total Assets in 2020 90,000 Net Profit 12,000 Shareholders' Equity 65,000 Select one: a. 0.18 b. 0.10 c. 0.13 d. 0.12
College Accounting, Chapters 1-27
23rd Edition
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter24: Analysis Of Financial Statements
Section: Chapter Questions
Problem 3SEB
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ome selected financial statement items belonging to MNO Company are given in the table below. According to this information, which of the following is Return on Assets (ROA) in 2021?
Inventory | 12,500 |
Total Assets in 2021 | 110,000 |
Current Liabilities | 40,000 |
Total Assets in 2020 | 90,000 |
Net Profit | 12,000 |
Shareholders' Equity | 65,000 |
Select one:
a. 0.18
b. 0.10
c. 0.13
d. 0.12
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