Return of Assets? Find out Accounting:Swiss Group reports a net income of $37,000 for 2018. Atthe beginning of 2018, Swiss Group had $147,000 inassets. By the end of 2018, assets had grown to $197,000.What is Swiss Group's 2018 return on assets?

Explanation: The formula to calculate return on assets is = (Net income/Average total assets) *…

Answered: Accounting: Swiss Group reports a net…

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter12: Fainancial Statement Analysis

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Problem 54CE

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What is Swiss Group's 2018 return on assets?
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Accounting: Swiss Group reports a net income of $37,000 for 2018. At the beginning of 2018, Swiss Group had $147,000 in assets. By the end of 2018, assets had grown to $197,000. What is Swiss Group's 2018 return on assets?