Answered step by step
Verified Expert Solution
Question
1 Approved Answer
If the Return on Assets (ROA) from a companys assets is 8.7%, what does that mean? A. It means for every $100 in assets, a
If the Return on Assets (ROA) from a companys assets is 8.7%, what does that mean?
-
A. It means for every $100 in assets, a company generates $8.70 in revenue.
-
B. It means that from year-to-year, the company has increased its total asset by 8.7%.
-
C. It means that for every $100 of assets, the company is producing $8.70 of net profit.
-
D. It means for every $100 in revenue, the company is generating $8.70 of net profit.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started