(didn't finish sorry before I hit the send key by accident)I hope you can help me...Dear daughter is at college and e-mails me this questions regarding ROA. And I think, no problem, I work in accounting all day, took accounting 20 gazillion years ago.But then, cr*p, I didn't know the answer to this one.Find the ROA on the following scenario:Consolidated OperationsYear 2006 2005 2004Net income 2787 2229 2999 (I'm thinking yeah, what's the problem)And then the balance sheet has dates of February 3, 2007 January 28, 2006Assets 27,249 34996The periods don't match up. What gives? How can you do averages when the periods don't mesh.What am I missing besides the obvious?Thank youNero
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