Question: Compute Return on Assets (ROA): Requirements: Using the following figures: Net Income: $120,000 Average Total Assets: $800,000 Compute the return on assets (ROA). Express ROA

  • Compute Return on Assets (ROA): Requirements:
    • Using the following figures:
      • Net Income: $120,000
      • Average Total Assets: $800,000
    • Compute the return on assets (ROA).
    • Express ROA as a percentage.
    • Provide the calculated ROA.

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