Data from the financial statements of Creativity Crafts and Fun Projects, Inc. are presented below (in millions):
To the nearest hundredth of a percent, what is the 2019 return on assets ratio for Creativity Crafts?
A) 4.78%
B) 10.68%
C) 6.91%
D) Not enough information provided

Question

Data from the financial statements of Creativity Crafts and Fun Projects, Inc. are presented below (in millions):
 To the nearest hundredth of a percent, what is the 2019 return on assets ratio for Creativity Crafts?
A) 4.78% 
B) 10.68% 
C) 6.91% 
D) Not enough information provided

Quizplus · Accepted Answer

ROA = Net income / Total assets = $4,200 / $87,830 = 0.0478= 4.78%

Data from the Financial Statements of Creativity Crafts and Fun