Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Last year's sales for Abrar Bhd was RM10 million. Itsassets turnover ratio was 4 times and net profit after tax was RM2 million. What is

Last year's sales for Abrar Bhd was RM10 million. Itsassets turnover ratio was 4 times and net profit after tax was RM2 million. 



What is thecompany's return on assets for the year?

Step by Step Solution

3.49 Rating (146 Votes )

There are 3 Steps involved in it

Step: 1

To calculate the return on assets ROA we need to divide the net profit after tax by the aver... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Reporting Financial Statement Analysis and Valuation

Authors: Clyde P. Stickney

6th edition

324302959, 978-0324302967, 324302967, 978-0324302950

More Books

Students also viewed these Finance questions