Question: what is the formula to calculate total assets?
Answer: Total Assets = Liabilities + Owner's Equity.
Assets = Liabilities + Owner's Equity + (Revenue – Expenses) – Draws.
Net Assets = Total Assets – Total Liabilities.
ROTA = Net Income / Total Assets.
RONA = Net Income / Fixed Assets + Net Working Capital.
Asset Turnover Ratio = Net Sales / Total Assets.