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Compare the return on assets (ROA) of Facebook, Inc. and Google (Alphabet Inc.) using the following financial data for the year ended December 31, 2023:
Compare the return on assets (ROA) of Facebook, Inc. and Google (Alphabet Inc.) using the following financial data for the year ended December 31, 2023:
Item | Facebook, Inc. | Google (Alphabet Inc.) |
Net Income | $8,000,000 | $12,000,000 |
Total Assets | $50,000,000 | $80,000,000 |
Question:
Which company has a higher return on assets (ROA)? Calculate the return on assets for each company and compare.
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