Arrow's net income of $117 million and average assets of $1,400 million results in a return on assets of 8.36%.

Question

Quizplus · Accepted Answer

To calculate the return on assets (ROA), we divide the net income by the average assets and multiply by 100 to express it as a percentage. 
ROA = (Net Income / Average Assets) x 100% 
Substituting the given values, we get: 
8.36% = (117 / 1,400) x 100% 
Therefore, the given statement is true.

Arrow's Net Income of $117 Million and Average Assets of $1,400