Question: In 2 0 2 1 , Applegate Corporation reported $ 6 0 0 million in sales, $ 1 8 million in net income, and average

In 2021, Applegate Corporation reported $600 million in sales, $18 million in net income, and average total assets of $200 million. What is Applegate's return on assets in 2021?
Begin by identifying the formula to calculate return on assets.
= Return on assets (ROA)
In 2021, Applegate Corporation reported $600 million in sales, $18 million

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