A company has assets totalling $128,625, liabilities totalling $67,980, and net income for the period totalling $74,000. Calculate the return on assets.
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- Question: A company has assets totalling $128,625, liabilities totalling $67,980, and net income for the the period totalling $74,000. Calculate the return on assets.What is the return on assets for this general accounting question?Return on total assets; a company reports the following income statement and balance sheet information for the current year: net income $178,320 interest expense $31,470 average total assets $3,330,000. A. Determine the return of total assets. B. Determine the company's price- earnings ratio.
- A company reports the following income statement and balance sheet information for the current year: Net income $435,590 Interest expense 76,870 Average total assets 4,380,000 Determine the return on total assets. If required, round the answer to one decimal place. %A company has net working capital of $2,287, current assets of $6,525, equity of $22,305, and long-term debt of $10,565. What is the company's net fixed assets?A company reports the following income statement and balance sheet information for the current year: Line Item Description Amount Net income $390,000 Interest expense 60,000 Average total assets 4,500,000 Determine the return on total assets.