Don't use ai given answer accounting questions A company reports the following financial data:•⚫ Profit$150,000⚫ Average Assets = $1,200,000⚫ Net Sales = $1,800,000The return on assets ratio is:a) 15 timesb) 12.5%c) 8.33%d) 15%

Return on Assets = Net Profit/Average Total Assets Return on Assets = 150,000/1,200,000 Return on…

Answered: A company reports the following…

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter3: Evaluation Of Financial Performance

Section: Chapter Questions

Problem 19P

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A company reports the following financial data: • ⚫ Profit $150,000 ⚫ Average Assets = $1,200,000 ⚫ Net Sales = $1,800,000 The return on assets ratio is: a) 15 times b) 12.5% c) 8.33% d) 15%