General Accounting question Dale Corporation has the following data:Net income$24,000Average total assets$300,000Interest expense9,000Average common equity 100,000Preferred dividends12,000Dale's return on assets is:a. 5%.b. 12%.c. 11%.d. 8%.

Step 1: Define Return on AssetsReturn on assets is the ratio of the net income relative to the…

Answered: Dale Corporation has the following…

EBK CONTEMPORARY FINANCIAL MANAGEMENT

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Chapter3: Evaluation Of Financial Performance

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Following are some data from the financial records of Enteng Corporation: How much is the retained earnings balance as of the end of 200B?
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Dale Corporation has the following data: Net income $24,000 Average total assets $300,000 Interest expense 9,000 Average common equity 100,000 Preferred dividends 12,000 Dale's return on assets is: a. 5%. b. 12%. c. 11%. d. 8%.