In 2010, MegaStores reported net income of $3.8 billion, net sales of $109.8 billion, and average total assets of $61.0 billion.What is MegaStores' return on total assets?

Name: In 2010, MegaStores reported net income of $3.8 billion, net sales of $109.8 billion, and average total assets of $61.0 billion.What is MegaStores' return on total assets?
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Question

Quizplus · Accepted Answer

Return on total assets is calculated as (Net Income / Average Total Assets) * 100. For MegaStores, it is ($3.8 billion / $61.0 billion) * 100 = 6.2%.

In 2010, MegaStores Reported Net Income of $3