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A company has a net income of $72,000 and total assets of $360,000. What is the return on assets? A) 20% B) 12.5% C) 15.9% D) 17.5%

A company has a net income of $72,000 and total assets of $360,000. What is the return on assets? A) 20% B) 12.5% C) 15.9% D) 17.5%

Intermediate Accounting: Reporting And Analysis
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter5: The Income Statement And The Statement Of Cash Flows
Section: Chapter Questions
Problem 1RE: Brandt Corporation had sales revenue of 500,000 for the current year. For the year, its cost of...
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Financial Accounting problem

A company has a net income of $72,000 and total assets of $360,000. What is the return on assets? A) 20% B) 12.5% C) 15.9% D) 17.5%
Transcribed Image Text:A company has a net income of $72,000 and total assets of $360,000. What is the return on assets? A) 20% B) 12.5% C) 15.9% D) 17.5%
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