Homework Help is Here – Start Your Trial Now!
Business
Accounting
During 2022, Evans Corporation reported: Item Amount Net sales $40,000,000 Beginning total assets $15,000,000 Net earnings $2,000,000 Ending total assets $25,000,000 $600,000 Depreciation expense Property, plant, equipment $10,000,000 Accumulated depreciation $3,000,000 What is Evans Corporation's return on assets (ROA)? a) 8% b) 9% c) 10% d) 7.5%

During 2022, Evans Corporation reported: Item Amount Net sales $40,000,000 Beginning total assets $15,000,000 Net earnings $2,000,000 Ending total assets $25,000,000 $600,000 Depreciation expense Property, plant, equipment $10,000,000 Accumulated depreciation $3,000,000 What is Evans Corporation's return on assets (ROA)? a) 8% b) 9% c) 10% d) 7.5%

Entrepreneurial Finance
Entrepreneurial Finance
6th Edition
ISBN:9781337635653
Author:Leach
Publisher:Leach
Chapter14: Security Structures And Determining Enterprise Values
Section: Chapter Questions
Problem 8EP
See similar textbooks
icon
Related questions
Question

During 2022, Evans Corporation reported: please answer the general accounting question

During 2022, Evans Corporation reported: Item Amount Net sales $40,000,000 Beginning total assets $15,000,000 Net earnings $2,000,000 Ending total assets $25,000,000 $600,000 Depreciation expense Property, plant, equipment $10,000,000 Accumulated depreciation $3,000,000 What is Evans Corporation's return on assets (ROA)? a) 8% b) 9% c) 10% d) 7.5%
Transcribed Image Text:During 2022, Evans Corporation reported: Item Amount Net sales $40,000,000 Beginning total assets $15,000,000 Net earnings $2,000,000 Ending total assets $25,000,000 $600,000 Depreciation expense Property, plant, equipment $10,000,000 Accumulated depreciation $3,000,000 What is Evans Corporation's return on assets (ROA)? a) 8% b) 9% c) 10% d) 7.5%
Expert Solution
steps

Step by step

Solved in 2 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Entrepreneurial Finance
Entrepreneurial Finance
Finance
ISBN:
9781337635653
Author:
Leach
Publisher:
Cengage
Fundamentals Of Financial Management, Concise Edi…
Fundamentals Of Financial Management, Concise Edi…
Finance
ISBN:
9781337902571
Author:
Eugene F. Brigham, Joel F. Houston
Publisher:
Cengage Learning
Financial Accounting Intro Concepts Meth/Uses
Financial Accounting Intro Concepts Meth/Uses
Finance
ISBN:
9781285595047
Author:
Weil
Publisher:
Cengage
Principles of Accounting Volume 1
Principles of Accounting Volume 1
Accounting
ISBN:
9781947172685
Author:
OpenStax
Publisher:
OpenStax College
Intermediate Financial Management (MindTap Course…
Intermediate Financial Management (MindTap Course…
Finance
ISBN:
9781337395083
Author:
Eugene F. Brigham, Phillip R. Daves
Publisher:
Cengage Learning
Financial Reporting, Financial Statement Analysis…
Financial Reporting, Financial Statement Analysis…
Finance
ISBN:
9781285190907
Author:
James M. Wahlen, Stephen P. Baginski, Mark Bradshaw
Publisher:
Cengage Learning
SEE MORE TEXTBOOKS