Financial Problems Help

Anonymous
timer Asked: Aug 24th, 2014
account_balance_wallet $5

Question Description

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

Tutor Answer

whgrab
School: Cornell University

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

flag Report DMCA
Review

Anonymous
Tutor went the extra mile to help me with this essay. Citations were a bit shaky but I appreciated how well he handled APA styles and how ok he was to change them even though I didnt specify. Got a B+ which is believable and acceptable.

Similar Questions
Related Tags

Brown University





1271 Tutors

California Institute of Technology




2131 Tutors

Carnegie Mellon University




982 Tutors

Columbia University





1256 Tutors

Dartmouth University





2113 Tutors

Emory University





2279 Tutors

Harvard University





599 Tutors

Massachusetts Institute of Technology



2319 Tutors

New York University





1645 Tutors

Notre Dam University





1911 Tutors

Oklahoma University





2122 Tutors

Pennsylvania State University





932 Tutors

Princeton University





1211 Tutors

Stanford University





983 Tutors

University of California





1282 Tutors

Oxford University





123 Tutors

Yale University





2325 Tutors