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Cage Company had net income of $353 million and average total assets of $2,010 million. Its return on assets (ROA) is:

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Based on the information given its return on assets (ROA) is: 17.56%.

Return on assets

Using this formula

Return on Assets = Net Income/Average Total Assets

Where:

Net Income=$353 million

Average Total Assets=$2,010 million

Let plug in the formula

Return on Assets = $353 million/$2,010 million×100

Return on Assets=17.56%

Inconclusion its return on assets (ROA) is: 17.56%.

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