Don't use ai given answer accounting questions A company reports the following information: Sales of $450,000;Beginning assets of $320,000, Ending assets of $400,000; NetIncome of $36,000. The return on assets (to the nearest wholenumber) is:a. 8%b. 10%c. 5%d. 12%

Step 1: Definition of Return on Assets (ROA)Return on Assets (ROA) is a financial metric that…

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 information: Sales of $100,000; Beginning assets of $200,000, Ending assets of $250,000; Net Income of $5,000. The return on assets (to the nearest whole number) is: a. 555% b. 44% c. 2% d. 5%
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A return on assets of 5.15% means that a company is earning: O a. a $5.15 return on every $100 of assets minus liabilities. O b. a $5.15 return on every $100 of total assets. O c. a $5.15 return on every $100 of current assets. O d. a $5.15 return on every $100 invested in long-term assets.
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Assume the following sales data for a company: Current year $1,025,000 Preceding year 820,000 What is the percentage increase in sales from the preceding year to the current year? Oa. 125% Ob. 25% Oc. 75% Od. 100%
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A company reports the following information: Sales of $450,000; Beginning assets of $320,000, Ending assets of $400,000; Net Income of $36,000. The return on assets (to the nearest whole number) is: a. 8% b. 10% c. 5% d. 12%