Question: Return on Assets Net Income + Average Total Assets This ratio measures the profitability of total assets used by the company. A higher ratio indicates
Return on Assets Net Income + Average Total Assets This ratio measures the profitability of total assets used by the company. A higher ratio indicates a company's efficiency in generating a higher profit (net income) for every dollar of assets used by the company. The ratio is computed by dividing the net income for the year by the average Total Assets (Average of Beginning Total Assets and Ending Total Assets). Which of the following companies has the highest Return on Assets? O Costco Wholesale Corporation (for the year ended Aug 28, 2022) O Walmart Inc. (for the year ended January 31, 2022) The Home Depot, Inc. (for fiscal 2021) Amazon.com (for the year ended Dec 31, 2021)
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