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Calculate GreenTech’s Return on Assets. Note: Round to two decimal places and provide your answer in percent without the unit sign, i.e., X,XXX.XX.
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Step-by-Step Analysis
When asked to calculate GreenTech’s Return on Assets (ROA), the first thing to identify is the standard formula and the data you need.
- The typical definition of ROA is ROA = Net Income / Average Total Assets. Some variations use ROA = Operating Income / Average Total Assets, but the more common measure for profitability relative to assets is Net Income divided by average assets. You should confirm the convention used by your......Login to view full explanationLog in for full answers
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