Assume MetAmbit Company had a net income of $2,200 for the year ending December 2016.Its beginning and ending total assets were $34,500 and $18,500,respectively.Calculate MetAmbit's return on assets (ROA).(Round your percentage answer to two decimal places. )
A)6.38%
B)11.89%
C)8.30%
D)4.15%

Question

Quizplus · Accepted Answer

C) 11ea8a42_4eed_bfec_8b44_07e4737564be_TB5024_00

Assume MetAmbit Company Had a Net Income of $2,200 for the Year