The ROA is 10%
How to calculate the ROA ?
ROA can be calculated by multiplying the profit margin by the assets turnover.
= Profit margin × Assets turnover
The first step is to calculate the profit margin. The profit margin can be calculated by dividing the net income by the sales.
= net income/sales
= 200,000/3,000,000
= 0.066 × 1.5
= 0.099
Multiply the profit margin(0.099) by 100
= 0.099 × 100
= 9.9
≅ 10
Hence the ROA is 10%
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