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Matured Water Services had net income for the month of October of $ 35 comma 000. Assets as of the beginning and end of the month totaled $ 374 comma 000​, and $ 326 comma 000​, respectively. Calculate Matured Water​ Services' ROA for the month of October.

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Answer:

ROA = 10%

Explanation:

Net Income October: $35,000

Assets Beginning October: $374,000

Assets Ending October: $326,000

Average Total Assets: ($374,000 + $326,000)/2= $350,000

Return on Assets (ROA) = Net Income for the Period / Average Total Assets for the Period

ROA: $35,000 / $350,000 = 10%

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