1 answer

Compute the return on assets (ROA) for La Verne Company using end-of-year assets in your calculation....

Question:

Compute the return on assets (ROA) for La Verne Company using end-of-year assets in your calculation.

Total revenue $250,000

Total expenses $190,000

Total assets $400,000


Answers

Net income = Total revenue - Total expenses

= 250,000-190,000

= 60,000

Return on Assets = Net income / Total assets

= 60,000/400,000

= 15%

.

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