Financial Problems Help

Business & Finance
Tutor: None Selected Time limit: 1 Day

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

Aug 24th, 2014

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

Aug 24th, 2014

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Aug 24th, 2014
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Aug 24th, 2014
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