Question: can you please explain step by step?? I am so confused (Learning Outcome 3) Lilly Inc. reported a net income of $10,520. for the year.

can you please explain step by step?? I am so confused

(Learning Outcome 3) Lilly Inc. reported a net income of $10,520. for the year. Lilly Service's beginning and ending total assets were $85,500 and $92,000.. respectively. A) Calculate Lilly Service's return on assets (ROA), B) What does ROA measure for a company? Round to the nearest percentage. You MUST answer both A) and B) correctly and show your calculations to receive full credit for this

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