If a firms’ net income (i.e., profits before taxes) is $11.7 billion US Dollars and it has total assets of $90.0 Billion US Dollars, the Return on Assets (expressed as a percentage) is

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If a firms’ net income (i.e., profits before taxes) is $11.7 billion US Dollars and it has total assets of $90.0 Billion US Dollars, the Return on Assets (expressed as a percentage) is

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Ritmeks Ritmeks · Answer 1 · 2025-03-30T11:26:34-04:00

Ritmeks Ritmeks

Today at 11:26 AM

Answer:

13%

Explanation:

Net income is $11.7 billion

Total assets is $90.0 billion

Therefore the return on assets as a percentage can be calculated as follows

= net income/Total assets

= 11.7 billion/90 billion

= 0.13 × 100

= 13%

Hence the ROA expressed as a percentage is 13%

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adioabiola adioabiola · Answer 2 · 2025-03-30T11:26:45-04:00

Return on total assets = Net income of a company over a specific time period divided by the total assets

Return on Assets (expressed as a percentage) is 13%

Given:

Net income = $11.7 billion

Total assets = $90.0 billion

Return on asset = net income / total assets

= $11.7 billion / $90.0 billion

= 0.13

Return on asset expressed as a percentage = net income / total assets × 100

= 0.13 × 100

= 13%

Therefore, the Return on Assets (expressed as a percentage) is 13%