contestada

Chou Co. has a net income of $57,000, assets at the beginning of the year are $264,000 and assets at the end of the year are $314,000. Compute its return on assets.

Respuesta :

Zviko

Answer:

18.15 %

Explanation:

Return on Assets = net income / total assets x 100

Note : we use the asset value as at balance sheet date (end of period)

therefore,

Return on Assets = $57,000 /  $314,000 x 100

                             = 18.15 %

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