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How is this incorrect? RETURN ON ASSETS QS 1-21 (Algo) Computing and interpreting return on assets LO A2 Home Demo reported the following results. Sales
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RETURN ON ASSETS
QS 1-21 (Algo) Computing and interpreting return on assets LO A2 Home Demo reported the following results. Sales Net income Average total assets $ 95 billion $ 8 billion $ 54 billion (a) Compute Home Demo's return on assets. (b) Is Home Demo's return on assets better than the 7% return of Lows Hardware (a competito Complete this question by entering your answers in the tabs below. Required A Required B Compute Home Demo's return on assets. (Enter the values in billions.) Numerator: Net income $ 8,000,000,000 11 Denominator: Average total assets $ 54,000,000,000 Return on assets 14.8% II Required a Required B > *Red text indicates no response was expected in a cell or a formula-based calculation is incorrect; no points deducted Step by Step Solution
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