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QUESTION
Company X has a ROA of 0.13 (ROA = Net income/Total Assets). That means:Company X uses $0.87 of each dollar earned to purchase assets.Company X uses...
Company X has a ROA of 0.13 (ROA = Net income/Total Assets).
That means:
a:Company X uses $0.87 of each dollar earned to purchase assets.
b:Company X uses $0.13 of each dollar earned to purchase assets.
c:Every dollar of Company X's assets result in earnings of $0.13.
d:Every dollar of Company X's assets result in earnings of $0.87.
