Sales for the year = $246,687, net income for the year = $22,965, and average assets during the year = $136,357. return on assets (roa) for the year is: select one:
a. 53.8%
b. 16.8%
c. 9.3%
d. there is not enough information to calculate roa.
e. none of the above
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Sales for the year = $246,687, net income for the year = $22,965, and average assets during the year = $136,357. return on assets (roa) for ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Overall, what was the primary cause of the Great Recession?
Answers (1)
Sellers of a good bear the larger share of the tax burden when a tax is placed on a product for whicha. the supply is more elastic than the demand. b. the demand in more elastic than the supply. c. the tax is placed on the sellers of the product. d.
Answers (1)
Madison's gross tax liability is $10,450. Madison had $4,520 of tax credits available and she had $9,300 of taxes withheld by her employer. What is Madison's taxes due (or taxes refunded) with her tax return?
Answers (1)
Which business function is responsible for planning, coordinating, and controlling the resources needed to produce a company's products and services?
Answers (1)
When buyers and sellers work together to determine the price
Answers (1)
New Questions in Business
It is difficult to imitate a distinctive competence because: a. its nature might not be understood by competing firms. b. its application will lead to competitive parity. c. it might not be applicable to a competing firms' products. d.
Answers (1)
Palmer Music manufactures and sells MP3 players and sound systems that include a 180-day warranty on product defects. The company also sells 2-year extended warranties.
Answers (2)
Keithomp, a company that manufactures and exports candies, sells different flavors of candy depending on the taste preferences of the country that it supplies to.
Answers (1)
Kane Company's employees earn vacation time at the rate of 1 hour per 40-hour work period. The vacation pay vests immediately (that is, an employee is entitled to the pay even if employment terminates).
Answers (1)
Digg Co. installs a manufacturing machine in its factory at the beginning of the year at a cost of $36,000. The machine's useful life is estimated at 10 years, or 300,000 units of product, with a $6,000 salvage value.
Answers (1)