Question
9. Nickle Company reports net income of $800 million for its fiscal year ended January 2017. At the beginning of that fiscal year, Nickle Company
9. Nickle Company reports net income of $800 million for its fiscal year ended January 2017. At the beginning of that fiscal year, Nickle Company had $5,000 million in total assets. By fiscal year-end 2017, total assets had grown to $6,500 million.
What is Nickle's return on assets (ROA)?
a. 13.9% b. 16.0% c. 12.3% d. 10.7%
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Accounting for Decision Making and Control
Authors: Jerold Zimmerman
9th edition
125956455X, 978-1259564550
