Based on the following values, calculate the Return on Assets?

Gross Income = $2.7M || Net Income = $1.8M || Net Assets = $900K || Current Assets = $450K

I'm having a hard time with this and unsure of the formula to use. Can you please help?

Sure! To calculate the Return on Assets (ROA), you need to divide the Net Income by the Average Total Assets.

To find the Average Total Assets, you can use the formula:

Average Total Assets = (Beginning Total Assets + Ending Total Assets) / 2

In this case, we are given the Net Income ($1.8M) and the Net Assets ($900K). However, we need to find the Total Assets, not just the Net Assets.

To calculate the Total Assets, you can use the formula:

Total Assets = Current Assets + Fixed Assets

In the given information, we are only provided with the Current Assets ($450K). The value for Fixed Assets is missing, so we cannot directly calculate the Total Assets. Without the complete information, it is not possible to calculate the Return on Assets accurately.

If you have any additional data or if you can provide the missing information, I would be happy to help you further.