River Corp's total assets at the end of last year were $480,000 and its net income was $32,750.What was its return on total assets?
A) 6.28%
B) 5.73%
C) 6.82%
D) 6.48%
E) 7.71%

Name: River Corp's total assets at the end of last year were $480,000 and its net income was $32,750.What was its return on total assets? A) 6.28% B) 5.73% C) 6.82% D) 6.48% E) 7.71%
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Question

Quizplus · Accepted Answer

Return on total assets (ROA) = Net Income/Total Assets
ROA = $32,750/$480,000 = 0.0682  or 6.82%

River Corp's Total Assets at the End of Last Year