Answered: Use the following information to…

Use the following information to calculate, to one decimal place, the return on assets (ROA) for FY21: FY21 FY20 $m $m Total assets 5,887 5,000 Finance costs 50 Таx expense 300 Profit 700

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

Use the following information to calculate, to one
decimal place, the return on assets (ROA) for FY21:
FY21
FY20
$m
$m
Total assets
5,887
5,000
Finance costs
50
Тах expense
300
Profit
700

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