Dawson Electronic Services had revenues of $116,000 and expenses of $68,000 for the year. Its assets at the beginning of the year were $418,000. At the end of the year assets were worth $468,000. Calculate its return on assets.
a) 11.5%
b) 26.2%
c) 27.8%
d) 10.3%
e) 10.8%
+5
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Home » Business » Dawson Electronic Services had revenues of $116,000 and expenses of $68,000 for the year. Its assets at the beginning of the year were $418,000. At the end of the year assets were worth $468,000. Calculate its return on assets. a) 11.5% b) 26.