Answered: D company's net income and net sales…

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

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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Question

Provide this question solution general accounting

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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