Cage company had income of $350 million and average invested assets of $2,000 million. its return on assets (roa) is

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Business

Kirk

27 July, 06:30

Cage company had income of $350 million and average invested assets of $2,000 million. its return on assets (roa) is

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Aryanna Armstrong · Answer 1

Cage company had income of $350 million and average invested assets of $2,000 million. its return on assets (roa) is

The formula of return on assets is net income divided by average assets.

Given that the net income is $350 million, average asset is $2000

The answer is 0.0005