Cage Company had net income of $160 million and average total assets of $2,000 million.Its return on assets (ROA)is:

Name: Cage Company had net income of $160 million and average total assets of $2,000 million.Its return on assets (ROA)is:
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Return on assets (ROA) is calculated by dividing net income by average total assets, then multiplying by 100 to get a percentage. 
ROA = (Net Income / Average Total Assets) x 100 
ROA = (160 / 2,000) x 100 
ROA = 8%

Cage Company Had Net Income of $160 Million and Average