Business Finance
Financial Problems Help

Question Description

I’m working on a Business question and need guidance to help me study.

Based on the following information, if managers want to earn a 12% ROA, how much profit must the company generate?

 

Non-current assets

$ 1,260,000

Student has agreed that all tutoring, explanations, and answers provided by the tutor will be used to help in the learning process and in accordance with Studypool's honor code & terms of service.

Final Answer

ROA= annual net income/average total assets

12%=annual net income/1,260,000

Annual net income= 1260000*12/100

Annual net income=$151,200

whgrab (11482)
Cornell University

Anonymous
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Anonymous
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Anonymous
Excellent job

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