Floyd's income statement showed for the current year his company had an operating income of $30,000 and his balance sheet showed total assets of $200,000. His return on assets is _________ percent.

Name: Floyd's income statement showed for the current year his company had an operating income of $30,000 and his balance sheet showed total assets of $200,000. His return on assets is _________ percent.
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Question

Quizplus · Accepted Answer

Return on assets (ROA) = Operating Income / Total Assets 
ROA = 30,000 / 200,000 
ROA = 0.15 or 15%

Floyd's Income Statement Showed for the Current Year His Company