Homework Help is Here – Start Your Trial Now!
Business
Accounting
Delta Enterprises reported a net income of $14,000 on gross sales of $60,000. The company has average total assets of $110,000, of which $80,000 is property, plant, and equipment. What is the company's return on investment? A. 10.0% B. 12.7% C. 13.5% D. 14.2%

Delta Enterprises reported a net income of $14,000 on gross sales of $60,000. The company has average total assets of $110,000, of which $80,000 is property, plant, and equipment. What is the company's return on investment? A. 10.0% B. 12.7% C. 13.5% D. 14.2%

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...
See similar textbooks
icon
Related questions
Question

Can you help me solve this financial accounting question using the correct financial procedures?

Delta Enterprises reported a net income of $14,000 on gross sales of $60,000. The company has average total assets of $110,000, of which $80,000 is property, plant, and equipment. What is the company's return on investment? A. 10.0% B. 12.7% C. 13.5% D. 14.2%
Transcribed Image Text:Delta Enterprises reported a net income of $14,000 on gross sales of $60,000. The company has average total assets of $110,000, of which $80,000 is property, plant, and equipment. What is the company's return on investment? A. 10.0% B. 12.7% C. 13.5% D. 14.2%
Expert Solution
steps

Step by step

Solved in 2 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer