contestada

Dawson Electronic Services had revenues of $80,000 and expenses of $50,000 for the year. Its assets at the beginning of the year were $400,000. At the end of the year assets were worth $450,000. Calculate its return on assets.

Respuesta :

ayokenny2001

Answer:

See below

Explanation:

Given the above information

Return on assets = Net income / Average total assets

Net income = $98,000

Average total assets = ($409,000 + $459,000) / 2 = $434,000

= $98,000 / $434,000

= 22.58%

Therefore, return on assets = 22.58%

Otras preguntas