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In 2017. Artesia, Inc., reported $800 million in sales, $14 million in net income, $1.2 million in interest expense, and average total assets of $110
In 2017. Artesia, Inc., reported $800 million in sales, $14 million in net income, $1.2 million in interest expense, and average total assets of $110 million What is Artesia's return on assets in 2017? Assume an industry average of 17%. How does the company's return on assets compare to the industry average? What could be some reasons for the change? Identify the formula to calculate return on assets (ROA). Then fill in the amounts and calculate Artesia's return on assets in 2017. (Enter amounts in millions. Round your answer to one decimal place, X.X%) J = Return on assets (ROA) Assume an industry average of 17%. How does the company's return on assets compare to the industry average? Artesia's return on assets is the industry average What could be some reasons for the results of the comparison? Select all that apply. A. Decreased not income OB. An increase in average total assets C. A decrease in average total assets ID Improved net income
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