Ask Question
9 September, 23:27

Rosalind company reported revenues of $111,500, expenses of $92,545, and net income of $18,955 for the year. assets totaled $200,000 at the beginning of the year and $246,000 at the end of the year. the company's return on assets for the year (round the percent to one decimal) is

+4
Answers (1)
  1. 10 September, 01:08
    0
    Return on assets =

    net income:average total assets

    Net income=18,955

    Average total assets

    (200,000+246,000) : 2=223,000

    Return on assets is

    18,955:223,000

    =0.085
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Rosalind company reported revenues of $111,500, expenses of $92,545, and net income of $18,955 for the year. assets totaled $200,000 at the ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers