Calculate return on assets from the following information: Net income $1,800,000
Current Assets $350,000
Land and building $250,000.

A) 1:1
B) 3:2
C) 4:1
D) 2:2
E) 3:1

Return on Assets

A financial ratio that indicates how profitable a company is relative to its total assets, demonstrating the efficiency of management in using assets to generate profit.

Net Income

The total earnings of a company after all expenses and taxes have been deducted from its total revenue, indicating the company's profitability over a specific period.

Current Assets

Short-term assets that are expected to be converted into cash, sold, or consumed within a year or within the normal operating cycle of a business.