Answer:
return on assets = 20%
Explanation:
given data
net income = $900
beginning total assets = $4600
ending total assets = $4400
solution
we get here return on assets that is express as
return on assets = [tex]\frac{net\ income}{average\ assets}[/tex] × 100 ............1
here average assets will be
average assets = [tex]\frac{4600+4400}{2}[/tex]
average assets = $4500
put here value we get
return on assets = [tex]\frac{900}{4500}[/tex] × 100
return on assets = 20%
