Computing and Interpreting Return on Assets Ratio
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MAD Company reported the following information at the end of each year.
Year Net Income Total Assets
2003 $152,000 $ 52,000
2004 195,000 68,000
2005 201,000 134,000
2006 212,000 145,000
Compute return assets for 2004, 2005, and 2006. What do the results suggest about MAD Company?
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Solution Summary
The solution assists with computing and interpreting return on assets ratio.
Education
- BCom, SGTB Khalsa College, University of Delhi
- MBA, Rochester Institute of Technology
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