11. LSP Co. has net income of $20,000 and total assets of $100,000. TheROA ratio for the company is:O a) 8.00%O b) 12.05%O c) 20%O d) 15.89%e) None of the above

ROA = Net income / total assets

Answered: 11. Cô. has net income of $20,000 and…

11. Cô. has net income of $20,000 and total assets of $100,000. ROA ratio for the company is: O a) 8.00% O b) 12.05% c) 20%

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter12: Fainancial Statement Analysis

Section: Chapter Questions

Problem 15MCQ: Hummel Inc. has $30,000 in current assets and $15,000 in current liabilities. What is Hummels...

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Question

11. LSP Co. has net income of $20,000 and total assets of $100,000. The
ROA ratio for the company is:
O a) 8.00%
O b) 12.05%
O c) 20%
O d) 15.89%
e) None of the above

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