Question: I need help with this general accounting problem using proper accounting guidelines. A company reported a net income of $815 million for the year ended

I need help with this general accounting problem using proper accounting guidelines.

A company reported a net income of $815 million for the year ended December 2023. At the beginning of that year, total assets were $12,400 million. By the end of the year, total assets had decreased to $10,800 million. What is the Return on Assets (ROA) for the year? (Round your answer to two decimal places.)

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