What is the ROA after an 8% savings in materials? Sales of $90,000,000 Cost of Goods Sold
Fantastic news! We've Found the answer you've been seeking!
Question:
What is the ROA after an 8% savings in materials?
Sales of $90,000,000
Cost of Goods Sold $57,000,000
Other Costs $28,000,000
Materials are 80% of cost of goods sold
Total Assets are $61,250,000
Current assets are $60,000,000
Inventory is 50% of current assets
Expert Answer:
The return on assets ROA is calculated as Net Income Total Assets To find the net income we subtract ... View the full answer
Related Book For 
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
