Cash Return on Assets = Cash Flow from Operations + Total Average Assets The cash return on assets (cash ROA) ratio is used to benchmark a business's performance with other businesses in the same industry. It is an efficiency ratio that measures how a company utilizes its assets to generate actual operating cash flows without being affected by income recognition or income measurements. The ratio can be used internally by the company's analysts or by potential and current investors. A high cash ROA ratio typically indicates that a company generates more operating cash flows from its assets, which is a sign of efficiency. Which of the following four companies has the highest Cash Return on Assets? CVS Health Corporation (for the year ended December 31, 2021) The Home Depot, Inc. (for fiscal 2021) Costco Wholesale Corporation (for the year ended Aug 28, 2022) Apple, Inc (for the year ended Sep 24, 2022) Cash Return on Assets = Cash Flow from Operations + Total Average Assets The cash return on assets (cash ROA) ratio is used to benchmark a business's performance with other businesses in the same industry. It is an efficiency ratio that measures how a company utilizes its assets to generate actual operating cash flows without being affected by income recognition or income measurements. The ratio can be used internally by the company's analysts or by potential and current investors. A high cash ROA ratio typically indicates that a company generates more operating cash flows from its assets, which is a sign of efficiency. Which of the following four companies has the highest Cash Return on Assets? CVS Health Corporation (for the year ended December 31, 2021) The Home Depot, Inc. (for fiscal 2021) Costco Wholesale Corporation (for the year ended Aug 28, 2022) Apple, Inc (for the year ended Sep 24, 2022)