Business, 04.01.2020 02:31 kcarstensen59070

Net income was $450,000. beginning and ending stockholders' equity was $4,000,000 and $4,800,000, respectively. beginning total assets = $6,000,000 and ending total assets = $6,600,000. what was the return on assets (roa)?

a. 6.188%
b. 7.143%
c. 7.5%
d. 10.227%

Answers: 3

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Net income was $450,000. beginning and ending stockholders' equity was $4,000,000 and $4,800,000, re...

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