# Accounting

posted by .

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?

## Similar Questions

1. ### Accounting

How can I calculate the net income if I only know the assets total and liabilities total from both the beginning of the year and the end of th eyear?
2. ### managerial finance

A firm has sales of \$1,200, net income of \$200, net fixed assets of \$500, and current assets of \$300. The firm has \$100 in inventory. What is the common-size statement value of inventory?
3. ### Finance

Trying to figure out how to do problems like these. So confused! 1. The receivables turnover for 2009 is 10 times. 2. All sales are on account. 3. The profit margin for 2009 is 14.5%. 4. Return on assets is 22% for 2009. 5. The current …
4. ### Accounting

Moon Shoe Factory is an investment center and is responsible for all of their net income and the use of their assets. In 2012, the invested assets totaled \$475,000 and net income was \$115,000. What is the rate of return on assets?
5. ### Finance

Following are selected financial data in thousands of dollars for the Hunter Corporation. 2012 2011 Current assets \$ 500 \$400 Fixed assets, net 700 600 Total assets 1,200 1,000 Current liabilities 300 200 Long-term debt 200 200 Common …
6. ### Math

The ratio of __________ to __________ is an example of a __________ ratio. A. quick assets; current liabilities; leverage B. cost of goods sold; total assets; asset utilization C. net credit sales; average owner's equity; leverage …
7. ### Accounting

The ratio of __________ to __________ is an example of a __________ ratio. A. quick assets; current liabilities; leverage B. cost of goods sold; total assets; asset utilization C. net credit sales; average owner's equity; leverage …
8. ### Accounting

The ratio of __________ to __________ is an example of a __________ ratio. A. quick assets; current liabilities; leverage B. cost of goods sold; total assets; asset utilization C. net credit sales; average owner's equity; leverage …
9. ### Finance

Following are selected financial data in thousands of dollars for the Hunter Corporation. 2012 2011 Current assets \$ 500 \$400 Fixed assets, net 700 600 Total assets 1,200 1,000 Current liabilities 300 200 Long-term debt 200 200 Common …
10. ### Accounting

What is the correct formula for finding the return on assets (ROA)?

More Similar Questions