Asked by Hadeel Damra on Jul 12, 2024
Verified
What is Harley's 2019 return on assets (rounded) ?
A) 12.5%
B) 13.2%
C) 16.0%
D) 25.0%
Financial Information
Data pertaining to the financial status and operations of an entity, including income statements, balance sheets, and cash flow statements.
- Identify key financial ratios and their calculation for financial analysis.
Verified Answer
SC
Shamyra CrespoJul 15, 2024
Final Answer :
B
Explanation :
ROA = Net Income / Total Assets
ROA = $1,600,000 / $12,121,000
ROA = 0.132 or 13.2% (rounded)
ROA = $1,600,000 / $12,121,000
ROA = 0.132 or 13.2% (rounded)
Learning Objectives
- Identify key financial ratios and their calculation for financial analysis.