14. Financial Statement Analysis
Ratios: Return on Assets (ROA)
Multiple Choice
Multiple ChoiceA company has income before taxes of $100,000. Net sales are $400,000 and gross profit is $300,000. What is the ROA, assuming the company has a 40% tax rate, and average total assets were $900,000?
A
6.7%
B
11.1%
C
33.3%
D
44.4%
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