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On December 31, Harper Inc., reported, on its year-end financial statements, the following (in millions): Year 2 Year 1 Total assets $10,879 $10,970 Total sales$
On December 31, Harper Inc., reported, on its year-end financial statements, the following (in millions):
Year 2 Year 1
Total assets $10,879 $10,970
Total sales$ 6,596 $6,595
Net income $692 $827
Calculate return on assets (ROA) for Year 2.
Select one:
a.6.3%
b.60.6%
c.60.4%
d.6.4%
e.None of the these are correct.
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