Beethoven Co. reported the following data for the current year: Net sales: $1,200,000 ⚫ Net income: $96,000 Average total assets: $300,000 What is Beethoven Co.'s Return on Assets (ROA) for the year? a. 25.0% b. 32.0% c. 8.0% d. 36.0%

Beethoven Co. reported the following data for the current year: Net sales: $1,200,000 ⚫ Net income: $96,000 Average total assets: $300,000 What is Beethoven Co.'s Return on Assets (ROA) for the year? a. 25.0% b. 32.0% c. 8.0% d. 36.0%

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 51E: Juroe Company provided the following income statement for last year: Juroes balance sheet as of...

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Beethoven Co. reported the following data for the current year:
Net sales: $1,200,000
⚫ Net income: $96,000
Average total assets: $300,000
What is Beethoven Co.'s Return on Assets (ROA) for the year?
a. 25.0%
b. 32.0%
c. 8.0%
d. 36.0%

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