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In 2017, Beth, Inc., reported $500 million in sales, $14 million in net income, 50.7 million in interest expense, and average total assets of $110
In 2017, Beth, Inc., reported $500 million in sales, $14 million in net income, 50.7 million in interest expense, and average total assets of $110 million. What is Beth's return on assets in 2017? Assume an industry average of 18%. 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 Beth's return on assets in 2017. (Enter amounts in millions. Round your answer to one decimal place, X.X%.) = Return on assets (ROA) Assume an industry average of 18%. How does the company's return on assets compare to the industry average? Beth's return on assets is the industry average What could be some reasons for the results of the comparison? Select all that apply. DA. A decrease in average total assets B. Decreased net income I C. An increase in average total assets D. Improved net income
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