Kindly help me with accounting questions Apex Manufacturing reports beginning assets of$180,000, ending assets of $220,000, net sales of$450,000, and net income of $32,000. What is thereturn on assets?

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

Answered: Apex Manufacturing reports beginning…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter12: Balanced Scorecard And Other Performance Measures

Section: Chapter Questions

Problem 6EA: During the current year, Sokowski Manufacturing earned income of $350,000 from total sales of...

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Apex Manufacturing reports beginning assets of $180,000, ending assets of $220,000, net sales of $450,000, and net income of $32,000. What is the return on assets?