Data from the financial statements of Nancarrow Brothers Co. and J. C. Murphy, Inc. are presented below (in millions):
To the nearest hundredth of a percent, what is the 2019 return on assets ratio for Nancarrow Brothers Co.?
A) 6.72%
B) 2.81%
C) 3.56%
D) Not enough information provided

Question

Data from the financial statements of Nancarrow Brothers Co. and J. C. Murphy, Inc. are presented below (in millions):
 To the nearest hundredth of a percent, what is the 2019 return on assets ratio for Nancarrow Brothers Co.?
A) 6.72% 
B) 2.81% 
C) 3.56% 
D) Not enough information provided

Quizplus · Accepted Answer

ROA = Net income / Total assets = $2,600 / $92,372 = 0.0281= 2.81%

Data from the Financial Statements of Nancarrow Brothers Co