Rushing had income of $144 million and average invested assets of $1,800 million.Its return on assets is:
A)8.0%.
B)80%.
C)12%.
D)120%.
E)16.7%.

Name: Rushing had income of $144 million and average invested assets of $1,800 million.Its return on assets is: A)8.0%. B)80%. C)12%. D)120%. E)16.7%.
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Question

Quizplus · Accepted Answer

Return on Assets (ROA) is calculated as (Income / Average Invested Assets) * 100. For Rushing, this is ($144 million / $1,800 million) * 100 = 8%.

Rushing Had Income of $144 Million and Average Invested Assets