2017 2016 Answer Amounts Amounts Answer Net Income Return 4,910 11% 3,431 on Assets (%) Total Assets 40,377 45,403

Entrepreneurial Finance
6th Edition
ISBN:9781337635653
Author:Leach
Publisher:Leach
Chapter3: Organizing And Financing A New Venture
Section: Chapter Questions
Problem 9DQ
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Comment on the changes between these two years.  What do the changes in ROA mean?

2017
2016
Answer
Amounts
Amounts
Answer
Transcribed Image Text:2017 2016 Answer Amounts Amounts Answer
Net Income
Return
4,910
11%
3,431
on Assets (%)
Total Assets
40,377
45,403
Transcribed Image Text:Net Income Return 4,910 11% 3,431 on Assets (%) Total Assets 40,377 45,403
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