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In 2017, Cammy, Inc., reported $100 million in sales, $13 million in net income, $1.1 million in interest expense, and average total assets of $100
In 2017, Cammy, Inc., reported $100 million in sales, $13 million in net income, $1.1 million in interest expense, and average total assets of $100 million. What is Cammy's return on assets in 2017? Assume an industry average of 15%. 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 Cammy's return on assets in 2017. (Enter amounts in millions. Round your answer to one decimal place, X.X%.) = Return on assets (ROA) ID = Assume an industry average of 15%. How does the company's return on assets compare to the industry average? % Cammy'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 net income B. A decrease in average total assets OC. An increase in average total assets OD. Improved net income
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