ABC Manufacturing reports the following information for the year 2023: Sales of $150,000; Beginning assets of $300,000, Ending assets of $400,000; Net Income of $12,000. What is the return on assets (to the nearest whole number)? XYZ Electronics reports the following information for the year 2022: Sales of $200,000; Beginning assets of $500,000, Ending assets of $600,000; Net Income of $25,000. What is the return on assets (to the nearest whole number)? Bright Future Co. reports the following information for the year 2024: Sales of $175,000; Beginning assets of $350,000, Ending assets of $450,000; Net Income of $18,000. What is the return on assets (to the nearest whole number)? Tech Innovators reports the following information for the year 2021: Sales of $250,000; Beginning assets of $600,000, Ending assets of $700,000; Net Income of $40,000. What is the return on assets (to the nearest whole number)? Visionary Designs reports the following information for the year 2020: Sales of $300,000; Beginning assets of $750,000, Ending assets of $850,000; Net Income of $50,000. What is the return on assets (to the nearest whole number)? Global Horizons reports the following information for the year 2025: Sales of $500,000; Beginning assets of $1,000,000, Ending assets of $1,200,000; Net Income of $60,000. What is the return on assets (to the nearest whole number)? EcoTech Solutions reports the following information for the year 2026: Sales of $400,000; Beginning assets of $900,000, Ending assets of $1,000,000; Net Income of $45,000. What is the return on assets (to the nearest whole number)?
ABC Manufacturing reports the following information for the year 2023: Sales of $150,000; Beginning assets of $300,000, Ending assets of $400,000; Net Income of $12,000. What is the return on assets (to the nearest whole number)? XYZ Electronics reports the following information for the year 2022: Sales of $200,000; Beginning assets of $500,000, Ending assets of $600,000; Net Income of $25,000. What is the return on assets (to the nearest whole number)? Bright Future Co. reports the following information for the year 2024: Sales of $175,000; Beginning assets of $350,000, Ending assets of $450,000; Net Income of $18,000. What is the return on assets (to the nearest whole number)? Tech Innovators reports the following information for the year 2021: Sales of $250,000; Beginning assets of $600,000, Ending assets of $700,000; Net Income of $40,000. What is the return on assets (to the nearest whole number)? Visionary Designs reports the following information for the year 2020: Sales of $300,000; Beginning assets of $750,000, Ending assets of $850,000; Net Income of $50,000. What is the return on assets (to the nearest whole number)? Global Horizons reports the following information for the year 2025: Sales of $500,000; Beginning assets of $1,000,000, Ending assets of $1,200,000; Net Income of $60,000. What is the return on assets (to the nearest whole number)? EcoTech Solutions reports the following information for the year 2026: Sales of $400,000; Beginning assets of $900,000, Ending assets of $1,000,000; Net Income of $45,000. What is the return on assets (to the nearest whole number)?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:ABC Manufacturing reports the following information for the year 2023: Sales of $150,000; Beginning
assets of $300,000, Ending assets of $400,000; Net Income of $12,000. What is the return on assets (to
the nearest whole number)? XYZ Electronics reports the following information for the year 2022: Sales
of $200,000; Beginning assets of $500,000, Ending assets of $600,000; Net Income of $25,000. What is
the return on assets (to the nearest whole number)? Bright Future Co. reports the following information
for the year 2024: Sales of $175,000; Beginning assets of $350,000, Ending assets of $450,000; Net
Income of $18,000. What is the return on assets (to the nearest whole number)? Tech Innovators
reports the following information for the year 2021: Sales of $250,000; Beginning assets of $600,000,
Ending assets of $700,000; Net Income of $40,000. What is the return on assets (to the nearest whole
number)? Visionary Designs reports the following information for the year 2020: Sales of $300,000;
Beginning assets of $750,000, Ending assets of $850,000; Net Income of $50,000. What is the return on
assets (to the nearest whole number)? Global Horizons reports the following information for the year
2025: Sales of $500,000; Beginning assets of $1,000,000, Ending assets of $1,200,000; Net Income of
$60,000. What is the return on assets (to the nearest whole number)? EcoTech Solutions reports the
following information for the year 2026: Sales of $400,000; Beginning assets of $900,000, Ending assets
of $1,000,000; Net Income of $45,000. What is the return on assets (to the nearest whole number)?
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