A company's Latin American segment had revenues of $2,089 million,operating income of $1,033 million,and average total assets of $1,443 million.The Latin American segment return on assets is:
A)49.4%
B)69.0%
C)71.6%
D)139.7%
E)144.8%

Question

Quizplus · Accepted Answer

Return on Assets (ROA) = Operating Income / Average Total Assets
ROA = 1,033 / 1,443 = 0.716 or 71.6% (as a percentage)

A Company's Latin American Segment Had Revenues of $2,089 Million,operating