Investment Assets at Year End $170,000 Investment Assets at Beginning of Year $125,000 Savings $25,000 Employer Match to 401(k) $4,800 Gross Income $120,000 Total Assets at Year End $650,000 Total Assets at Beginning of Year $610,000 Total Liabilities at Year End $235,000 Total Liabilities at Beginning of Year $240,000. What was the return on assets (ROA) for the year?

a. 1.67%.
b. 3.25%.
c. 6.56%.
d. 13.74%.

correct option is a. 1.67%

Explanation:

given data

Total Assets at Year End = $650,000

Total Assets at Beginning =  $610,000

Total Liabilities at Year End = $235,000

Total Liabilities at Beginning = $240,000

Savings  = $25,000

Gross Income  = $120,000

Employer Match = $4,800

solution

we get here return on assets that is express as

return on assets = (Total Assets at at year end - ( Total Assets at Beginning + Savings + Employer Match  ) ) ÷ Total Assets at Beginning  .........................1

put here value and we get

return on assets =  

return on assets =  0.016721

return on assets = 1.67 %

so correct option is a. 1.67%

answer; communities of interest; i believe this is correct, plz check first good luck;

answer///the stewardship worldview;