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If the company has a return on assets ratio of 25 and net income is $750,000. The total asset balance = $3,000,000
What is meant by an Asset?
A resource having economic worth that a person, business, or nation owns or administers with the hope that it may one day be valuable is known as an asset.
Assets are included on a company's balance sheet. They are broken down into four groups: present, fixed, financial, and physical. They are purchased or created in an effort to increase a company's worth or enhance its operations.
An asset may be thought of as anything that, in the future, can create cash flow, reduce expenditures, or boost sales, whether it be manufacturing equipment or a patent.
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