Asked by Tristan Jansen on Apr 25, 2024

The company's return on total assets for Year 2 is closest to:

A) 0.99%
B) 1.00%
C) 1.85%
D) 1.83%

Return On Total Assets

A financial ratio indicating the profitability of a company relative to its total assets, measuring how efficiently a company uses its assets to generate profit.

Year 2

Typically refers to the second year in a given context, such as the second year of a business, investment, or educational program.

  • Assess and determine a corporation's total asset return.