Question
In 2014, Amber, Inc, reported $700 million in sales, $33 million in net income, and average total assets of $300 million. What is Amber, return
In 2014, Amber, Inc, reported $700 million in sales, $33 million in net income, and average total assets of $300 million. What is Amber, return on assets in 2014 ?
Begin by identifying the formular to caculate return on assets.
Average Total Assets
or
Net Income
or Sales / / = Return on Assets (ROA)
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Financial Accounting An International Introduction
Authors: David Alexander, Christopher Nobe
6th Edition
1292102993, 978-1292102993
