Alani's Hawaiian segment had revenues of $2,075 million,operating income of $1,500 million,and average assets of $1,450 million.The Hawaiian segment return on assets is:
A)72.3%
B)69.9%
C)103.4%
D)96.7%
E)138.3%

Question

Quizplus · Accepted Answer

Return on Assets (ROA) = Operating Income / Average Assets
ROA = ($1,500 million / $1,450 million) x 100%
ROA = 103.4%
Therefore, the Hawaiian segment's return on assets is 103.4%.

Alani's Hawaiian Segment Had Revenues of $2,075 Million,operating Income of $1,500