Doggieworld Corp's total assets at the end of last year were $300,000 and its net income after taxes was $25,530. What was its return on total assets? A) 8.15%. B) 8.33%. C) 8.51%. D) 8.69%. E) 8.87%.

Doggieworld Corp's total assets at the end of last year were $300,000 and its net income after taxes was $25,530. What was its return on total assets? A) 8.15%. B) 8.33%. C) 8.51%. D) 8.69%. E) 8.87%.

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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Doggieworld Corp's total assets at the end of last year were
$300,000 and its net income after taxes was $25,530. What was
its return on total assets?
A) 8.15%.
B) 8.33%.
C) 8.51%.
D) 8.69%.
E) 8.87%.

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