Question: Please explain the solution to this general accounting problem with accurate principles. The following information is provided for Northridge Inc.: ($ in millions) Northridge Inc.

Please explain the solution to this general accounting problem with accurate principles.

The following information is provided for Northridge Inc.: ($ in millions) Northridge Inc. Net income 2023 $520 Net sales 2023 5,200 Total assets, 12/31/21 2,800 Total assets, 12/31/22 3,500 Total assets, 12/31/23 4,200 Question: What is Northridge's return on assets (ROA) for 2023

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