Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Please calculate the ROA (Return on Asset) with the following information. Cash and cash equivalents: 8,524,950 Account receivables: 2,687,383 Inventories: 2,708,747 Other payables: 2,305,485 Other
Please calculate the ROA (Return on Asset) with the following information.
Cash and cash equivalents: 8,524,950
Account receivables: 2,687,383
Inventories: 2,708,747
Other payables: 2,305,485
Other current assets: 1,748,331
Non-current assets: 34,891,957
Non-current liabilities: 13,004,537
Operating profit: 2,717,199
Current ratio: 1.25
Retained Earnings: 5,213,040
Net income: 814,759
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started