er 1 Quiz MC Qu 155 Cage Company had income Cage Company had

er 1. Quiz MC Qu. 155 Cage Company had income... Cage Company had income of $350 million and average invested assets of $2.000 milion its return on assets Roo Mutiple Choice O 3n 035% 057% 2 3 4

Solution

Ans. Calculation for Return of Asset: Return of Asset = Net Income / Total Average investment = $350/ $2000 (in millions) = 0.175 Hence, ROA of Cage Company is 0.175 or 17.5%.