Question: S u m m a r i s e d s t a t e m e n t o f c o m p

S u m m a r i s e d s t a t e m e n t o f

c o m p r e h e n s i v e i n c o m e

R000

Income

1000

Gross profit

800

Operating profit

600

Financing charges (interest payments)

50

Summarised statement of

financial position

R000

Total assets

11 000

Fixed assets

10 000

Consider the above table and assume that a tax rate of 27% applies.

What was the company's ROA (return on assets)?


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