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D company's net income and net sales are $25,000 and $1,150,000. respectively, and the average total assets are $120,000.00. What is D company's return on assets? a) 20.8% b) 2.8% c) 9.8% d) 22.8%

D company's net income and net sales are $25,000 and $1,150,000. respectively, and the average total assets are $120,000.00. What is D company's return on assets? a) 20.8% b) 2.8% c) 9.8% d) 22.8%

Intermediate Accounting: Reporting And Analysis
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter5: The Income Statement And The Statement Of Cash Flows
Section: Chapter Questions
Problem 1RE: Brandt Corporation had sales revenue of 500,000 for the current year. For the year, its cost of...
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D company's net income and net sales are $25,000 and $1,150,000. respectively, and the average total assets are $120,000.00. What is D company's return on assets? a) 20.8% b) 2.8% c) 9.8% d) 22.8%
Transcribed Image Text:D company's net income and net sales are $25,000 and $1,150,000. respectively, and the average total assets are $120,000.00. What is D company's return on assets? a) 20.8% b) 2.8% c) 9.8% d) 22.8%
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