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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- 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.Question: A company had net income of $2,660,000, net sales of $25,000,000, and average total assets of $8,000,000. What is their return on total assets?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?
- Please help with question is answerA 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.please step by step solution.
- Given the correctWhat is the amount of the net income? AccountingA return on assets of 5.15% means that a company is earning: a.a $5.15 return on every $100 invested in long-term assets. b.a $5.15 return on every $100 of total assets. c.a $5.15 return on every $100 of assets minus liabilities. d.a $5.15 return on every $100 of current assets.