Assume Global Cleaning Service had net income of $ 570 for the year. Global Cleaning Service's beginning and ending total assets were $ 4 comma 520 and $ 4 comma 180 , respectively. Calculate Global Cleaning Service's return on assets (ROA). a. 12.6%b. 13.6%c. 13.1%d. 7.63%

c. 13.1%

Explanation:

Return on assets is a financial measure that gives insight to the amount of income earned for $1 of the company's investments in asset. It is given as the ratio of net income to average total asset.

Given;

Beginning total asset = $4,520

Ending total asset = $4,180

Average total asset = ($4,520 + $4,180) / 2

= $4,350

Net Income = $570

Return on asset = $570/$4350

= 13.1%

Option c. 13.1%