In 2018, Ambrosia Corporation reported $100 million in sales, $18 million in net income, and average total

Question:

In 2018, Ambrosia Corporation reported $100 million in sales, $18 million in net income, and average total assets of $200 million. What is Ambrosia’s return on assets in 2018?

Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...

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