14. Financial Statement Analysis

XYZ Company had net sales during the period of \$380,000 and net income of \$60,000. If total assets were \$480,000 at the beginning of the period and \$720,000 at the end of the period, what is the company's ROA?

A 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?