A company had net income of dollar 3,200,000, net sales of dollar 25,000,000, and average total assets of dollar 7,500,000. Its return on total assets equals

College Accounting, Chapters 1-27
23rd Edition
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter24: Analysis Of Financial Statements
Section: Chapter Questions
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A company had net income of dollar 3,200,000,
net sales of dollar 25,000,000, and average total
assets of dollar 7,500,000. Its return on total assets
equals
Transcribed Image Text:A company had net income of dollar 3,200,000, net sales of dollar 25,000,000, and average total assets of dollar 7,500,000. Its return on total assets equals
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