Coronado Incorporated had average total assets in 2025 of $6345000. It reported sales for of $8217000 that year. Average liabilitiesfor the year were $5199000. Net income for the year was $958095. What is Coronado' return on assets for 2025?O 15.10 %O 18.43%O 6.52%O 11.66%

RETURN ON ASSETS Return on Assets is the Ratio between Net Operating Income & Average Operating…

Coronado Incorporated had average total assets in 2025 of $6345000. It reported sales for of $8217000 that year. Average for the year were $5199000. Net income for the year was $958095. What is Coronado' return on assets for 2025? O 15.10 % O 18.43% O 6.52%

Coronado Incorporated had average total assets in 2025 of $6345000. It reported sales for of $8217000 that year. Average for the year were $5199000. Net income for the year was $958095. What is Coronado' return on assets for 2025? O 15.10 % O 18.43% O 6.52%

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

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Question

Coronado Incorporated had average total assets in 2025 of $6345000. It reported sales for of $8217000 that year. Average liabilities
for the year were $5199000. Net income for the year was $958095. What is Coronado' return on assets for 2025?
O 15.10 %
O 18.43%
O 6.52%
O 11.66%

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