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Calculate the Return on Assets (ROA) for the following company results Net Sales Net Income* Average Total Assets 2017 $22,859,000 1,923,000 18,735,000 Assume there are
Calculate the Return on Assets (ROA) for the following company results Net Sales Net Income* Average Total Assets 2017 $22,859,000 1,923,000 18,735,000 Assume there are no non-recurring items or non-controlling interests 1. Net Profit Margin 2. Total Asset Turnover 3. a) Return on Assets (DuPont) b) If the company expects a ROA of 7.5%, has the company met its target based on the results above? (sircle) Yes No. Why
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