Geneva Group reports net income of $20,000 for 2011. At the beginning of 2011, Geneva Group had

Question:

Geneva Group reports net income of $20,000 for 2011. At the beginning of 2011, Geneva Group had $100,000 in assets. By the end of 2011, assets had grown to $150,000. What is Geneva Group’s 2011 return on assets? How would you assess its performance if competitors average a 10% return on assets?