Kala's Latin American segment had revenues of $2,089 million, operating income of $1,033 million, and average assets of $1,443 millions. The Latin American segment return on assets is:

Question

Quizplus · Accepted Answer

Return on assets (ROA) is calculated by dividing operating income by average assets.

ROA = Operating income / Average assets

ROA = 1,033 / 1,443 = 0.716

ROA expressed as a percentage = 71.6%

Therefore, the best choice is C.

Kala's Latin American Segment Had Revenues of $2,089 Million, Operating