Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. canberry corporation had net income of $124,000, b

Canberry Corporation had net income of $124,000, beginning total assets of $904,000 and ending total...

60.1K

Verified Solution

Question

Accounting

Canberry Corporation had net income of $124,000, beginning total assets of $904,000 and ending total assets of $800,000. Its return on total assets is:

Multiple Choice

a. 14.6%

b. 13.7%

c. 15.5%

d. 729%

e. 645%

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Match the correct definition with the type of income consistent Income Inconsistent Income a Your...

Algebra
Q

What is the RANGE of the following Parabola y b c Oysb Oyzb Oysc vZc

Algebra
Q

Find the Inverse of f x x 3 x20 f x x 3 x 3...

Algebra
Q

The measure of central angle YCZ is 80 degrees X 9 W 80 C Z...

Algebra
Q

Jasper Company has sales on account and for cash. Specifically. 62%...

Accounting
Q

The following data is provided for Company and P Company for the year...

Accounting
Q

Requirements 1. Prepare a vertical analysis for Specialty for both its income statement and balance...

Accounting
Q

STATE EAST BAY 1989 ( 1...

Accounting
Q

Imai Company issued a $1.135 million bond that matures in five years. The bond has...

Accounting
Q

salaries in July was $210,580. The spending variance for wages and salaries in July would...

Accounting
Q

Saleem Swingman has been playing baseball since he was five years old and has always...

Finance
Q

The exchange rate for the Indian Rupee relative to the US Dollar is 74.57 (Indian...

Finance