Compute the return on assets (ROA) for La Verne Company using end-of-year assets in your calculation....
Compute the return on assets (ROA) for La Verne Company using end-of-year assets in your calculation.
Total revenue $250,000
Total expenses $190,000
Total assets $400,000
Homework Answers
Net income = Total revenue - Total expenses
= 250,000-190,000
= 60,000
Return on Assets = Net income / Total assets
= 60,000/400,000
= 15%
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Compute the return on assets (ROA) for La Verne Company using
end-of-year assets in your calculation....
a. Compute the return on assets (ROA) for 2018 and 2017. Round answers to one decimal...
a. Compute the return on assets (ROA) for 2018 and 2017. Round
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b. Compute the profit margin (PM) for 2018 and 2017.
Round answers to one decimal place (ex: 0.2345 = 23.5%).
c. Compute the asset turnover (AT) for 2018 and 2017.
Round answers to two decimal places.
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