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Some selected financial statement items belonging to Tower Company are given in the table below. According to this information, which of the following is Return on Assets (ROA) in 2021? Inventory         12,500 Total Assets in 2021       100,000 Current Liabilities         30,000 Total Assets in 2020         80,000 Net Profit         18,000 Shareholders' Equity         65,000 Select one: a. 24% b. 20% c. 11% d. 15%

Some selected financial statement items belonging to Tower Company are given in the table below. According to this information, which of the following is Return on Assets (ROA) in 2021? Inventory         12,500 Total Assets in 2021       100,000 Current Liabilities         30,000 Total Assets in 2020         80,000 Net Profit         18,000 Shareholders' Equity         65,000 Select one: a. 24% b. 20% c. 11% d. 15%

Managerial Accounting: The Cornerstone of Business Decision-Making
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter15: Financial Statement Analysis
Section: Chapter Questions
Problem 19BEA
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Some selected financial statement items belonging to Tower Company are given in the table below. According to this information, which of the following is Return on Assets (ROA) in 2021?

Inventory         12,500
Total Assets in 2021       100,000
Current Liabilities         30,000
Total Assets in 2020         80,000
Net Profit         18,000
Shareholders' Equity         65,000
Select one:
a. 24%
b. 20%
c. 11%
d. 15%
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