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 return on assets ratio 2019 for Fun Projects, Inc.?
A) 0.02%
B) 4.72%
C) 3.66%
D) Not enough information is 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 return on assets ratio 2019 for Fun Projects, Inc.?
A) 0.02% 
B) 4.72% 
C) 3.66% 
D) Not enough information is provided

Quizplus · Accepted Answer

ROA = Net income / Total assets = $2,360 / $64,530 = 0.0363 = 3.66%

Data from the Financial Statements of Creativity Crafts and Fun