Boaz company had beginning of year assets of $100 million and end of year assets of $120 million. boaz's net income is $5 million. calculate boaz company's return on assets.

The return on assets of Boaz Company is 4.5%

Explanation:

Returns on assets is the calculation of the company’s Earnings before interest and tax (EBIT). The mathematical representation of return on assets is,

Given, Net income = 5 million $

Total assets in the beginning of the year = 100 million $ and Total assets in the end of the year = 120 million $

The return on assets of Boaz Company is 4.5%

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