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H3Ko H3Ko
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7 years ago
Assume MetAmbit Corporation had a net income of $2,300 for the year ending December 2016. Its beginning and ending total assets were $33,500 and $18,000, respectively. Calculate MetAmbit's return on assets (ROA). (Round your percentage answer to two decimal places.)
A) 4.47%
B) 8.93%
C) 12.78%
D) 6.87%
Textbook 
Horngren's Financial & Managerial Accounting, The Financial Chapters

Horngren's Financial & Managerial Accounting, The Financial Chapters


Edition: 5th
Authors:
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H3Ko Author
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#2
7 years ago
I just realized you had posted this! Thanks so much
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