Services had net income for the month of october of $ 23 comma 040. assets as of the beginning and end of the month totaled $ 369 comma 000, and $ 399 comma 000, respectively. calculate matured water services' roa for the month of october.

6%

Explanation:

Given that,

Net income = $23,040

Beginning assets = $369,000

Ending Assets = $399,000

Average Total assets:

= (Beginning assets + Ending Assets) ÷ 2

=  ($369,000 + $399,000) ÷ 2

= $384,000

Therefore,

Return on assets:

= (Net income ÷ Average assets) × 100

= ($23,040 ÷ $384,000) × 100

= 0.06 × 100

= 6%

Hence, Matured Water Services' ROA for the month of October is 6%.

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