Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

BHP Group Ltd.- 2019 and 2020 Partial Balance Sheet Assets Liabilities & Owner's Equity 2019 2020 2019 2020 Current assets $2524 $6859 Current liabilities $1994

BHP Group Ltd.- 2019 and 2020 Partial Balance Sheet

Assets

Liabilities & Owner's Equity

2019

2020

2019

2020

Current assets

$2524

$6859

Current liabilities

$1994

$3705

Net Fixed assets

$7496

$11392

Long-term debt

$3470

$1351

Total Equity

(Total assets - total liabilities)

(Total assets - total liabilities)

BHP Group Ltd.- 2020 Income Statement

Sales

$10627

Cost of goods sold

$5663

Depreciation

$2323

Interest paid

$1744

Taxes

$1030

Calculate the Return on assets (ROA) ratio of BHP Group Ltd. for the financial year 2020. Enter two decimal places numbers (such as 123.45) without a sign and symbol.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting

Authors: Michelle L. Hanlon, Robert P. Magee, Glenn M. Pfeiffer, Thomas R. Dyckman

6th Edition

1618533118, 978-1618533111

More Books

Students also viewed these Accounting questions

Question

1. What does this mean for me?

Answered: 1 week ago