1. The return on assets (ROA) for XYZ Hospital Systems Inc, below, for the year 20XX was
a. 18.07%
b. 23.38%
c. 100%
d. cannot be determined
XYZ Hospital Systems, Inc |
|
Assets |
|
Cash |
7,100,000.00 |
Investments |
500,000.00 |
Inventories |
50,000.00 |
Net Accounts receivable |
5,000,000.00 |
12,650,000.00 |
|
Fixed assets: |
|
Property and equipment |
50,000,000.00 |
Leasehold improvements |
500,000.00 |
Less accumulated depreciation |
(10,000,000.00) |
Total fixed assets |
40,500,000.00 |
Total assets |
53,150,000.00 |
Liabilities and owner's equity |
|
Current liabilities: |
|
Accounts payable |
250,000.00 |
Accrued wages |
400,000.00 |
Unearned revenue |
50,000.00 |
Total current liabilities |
700,000.00 |
Long-term liabilities: |
|
Mortgage payable |
40,000,000.00 |
Total long-term liabilities |
40,000,000.00 |
Total Liabilities |
40,700,000.00 |
Owner's equity: |
|
Capital Contributions |
50,000.00 |
Accumulated retained earnings |
12,400,000.00 |
Total owner's equity |
12,450,000.00 |
Total liabilities and owner's equity |
53,150,000.00 |
Answer : D) Cannot be Determined
From the Given information it is not possible to Calculate the return on Asset as We Require Net income Value.
ROA = Net Income / Average Assets
1. The return on assets (ROA) for XYZ Hospital Systems Inc, below, for the year 20XX was...
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