Guru Company has been established since 2015. Total assets were $500,000, of which $300,000 consisted of fixed assets. Guru uses straight-line depreciation and in 2015 estimated that its fixed assets have a useful life of 10 years. After-tax income has been $26,000 per year for each of the last 10 years. Other assets have not changed since 2015. 

What is the ROA for 2015, 2016, 2017 and 2018?

Answer rating: 100% (QA)

ROA Net Income Average Total Assets 2015 Net Income 26000 given Total ... View the full answer