Some selected financial statement items belonging to PXR Company are given in the table below. According to this information, which of the following is Return on Assets (ROA) in 2021?Receivables 18,500Total Assets in 2021 130,000Current Liabilities 42,000Total Assets in 2020 110,000Net Profit 18,000Shareholders' Equity 85,000Select one:a. 0.11b. 0.18c. 0.21d. 0.18Clear my choice

The return on assets is calculated as net income divided by total assets.

Answered: Some selected financial statement items…

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter10: Stockholder's Equity

Section: Chapter Questions

Problem 88PSA: Ratio Analysis Consider the following information taken from the stockholders equity section: How do...

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Some selected financial statement items belonging to PXR Company are given in the table below. According to this information, which of the following is Return on Assets (ROA) in 2021?

Receivables	18,500
Total Assets in 2021	130,000
Current Liabilities	42,000
Total Assets in 2020	110,000
Net Profit	18,000
Shareholders' Equity	85,000

Select one:

a. 0.11

b. 0.18

c. 0.21

d. 0.18

Clear my choice

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