Financial Statement Analysis for Return on Assets (ROA): A company reported net income of $50,000 and total assets of $500,000. Calculate the company's return on assets (ROA) and discuss how this profitability ratio reflects the company's efficiency in generating profits from its assets. Compare the ROA with industry averages and analyze factors that may influence the company's profitability performance. Discuss strategies to improve ROA and their implications for asset utilization and financial performance.