Question
Return on Assets (ROA) Analysis for Facebook, Inc. : Analyze the return on assets (ROA) for Facebook, Inc. for the fiscal year 2023 based on
- Return on Assets (ROA) Analysis for Facebook, Inc.:
Analyze the return on assets (ROA) for Facebook, Inc. for the fiscal year 2023 based on the following information:
- Net Income: $8,000,000
- Total Assets: $50,000,000
Requirement: Calculate the return on assets for Facebook, Inc. and interpret its effectiveness in generating profits relative to its asset base.
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Financial Accounting
Authors: J. David Spiceland, Wayne Thomas, Don Herrmann
2nd Edition
0078110823, 9780078110825
