Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. return on total assets a company reports the fallo

return on total assets A company reports the fallowing income statement and balance sheet i...

60.1K

Verified Solution

Question

Accounting

return on total assets
A company reports the fallowing income statement and balance sheet i fi for the current year:
Net income. $201,580
Intrest Expense 35,570
Average total assets 2,550,000
Determine the return on total assets. If required, round the answer to the decimal place.

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

In the design of communication links we must always keep track of the power needed to...

Electrical Engineering
Q

Do research on the Web to learn the history of the PERT technique and identify some...

Operations Management
Q

A projectile is fired at 30 with momentum p neglecting friction the change in kinetic...

Physics
Q

y x T is a linear transformation if and only if Then entering your answers...

Basic Math
Q

The graph of y f x is shown below 1 b Is f x continuous...

Basic Math
Q

Which equation is related to x 10 1 x O x 10 x x 1...

Calculus
Q

y x 2 9 8 9 9 5 4 3 2 1 1 3 4...

Algebra
Q

c 360

Algebra
Q

Marketing Questions: 1. You are requested to produce 50,000 units. Consumer demand is 40,000 units...

Accounting
Q

According to information given above; Prepare Statement of Financial Position for Pompei dated Dec.31.2019 ...

Accounting
Q

Flexible Budget for Varying Levels of Activity Nashler Company has the following budgeted variable costs...

Accounting
Q

Which of the following statements with respect to charitable donations is NOT correct? Select one:...

Accounting