Some selected financial statement items belonging to MNO 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 110,000 Current Liabilities 40,000 Total Assets in 2020 90,000 Net Profit 12,000 Shareholders' Equity 65,000 Select one: a. 0.12 b. 0.10 c. 0.18 d. 0.13

College Accounting, Chapters 1-27
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Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter24: Analysis Of Financial Statements
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Some selected financial statement items belonging to MNO 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 110,000
Current Liabilities 40,000
Total Assets in 2020 90,000
Net Profit 12,000
Shareholders' Equity 65,000

Select one:
a. 0.12
b. 0.10
c. 0.18
d. 0.13

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