Use the following information to solve for ROA. Your answer should be entered as a percent....

Use the following information to solve for ROA. Your answer should be entered as a percent. For example 7.31% should be entered as 7.31. Include two decimals and a negative if appropriate Current Assets are $82, net fixed assets are $159, current liabilities are $144 and long term debt is $48 Revenue is $115, total operating expenses are $97, depreciation expense is $48 Interest expense is $14 and taxes are $23

Expert Solution

Total assets = Current assets + Net fixed assets
Total assets = $82 + $159
Total assets = $241

Net income = Revenue - Total operating expenses - Depreciation expense - Interest expense - Taxes
Net income = $115 - $97 - $48 - $14 - $23
Net income = -$67

Return on assets = Net income / Total assets
Return on assets = -$67 / $241
Return on assets = -0.2780 or -27.80%

jeff jeffy answered 2 years ago

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