07-06-2018, 02:51 PM
Ok, i feel stupid. I have worked in accounts payable and receivable for over a decade and never have i seen something like this. How is "fourteen hundred million" even a number? I didn't even know what numbers to use to calculate the ROA because I had no idea what they meant by $1400 million. Wouldn't that actually be in the billions? Can anyone explain this please?
"Reebok's net income of $117 million and average assets of $1,400 million results in a return on assets of 8.36%."
"Reebok's net income of $117 million and average assets of $1,400 million results in a return on assets of 8.36%."