eturn on Assets Sue Company reports the following information in its financial statements. Numbers are in thousands. 2019 2018 Net Sales $42,075 $44,100 Net Income 12,780 15,732 Total Assets 63,900 87,400 There were 5,000 outstanding shares at December 31, 2019. Required a. What was Sue's return on assets for 2019 and 2019? (Round to one decimal point)
eturn on Assets Sue Company reports the following information in its financial statements. Numbers are in thousands. 2019 2018 Net Sales $42,075 $44,100 Net Income 12,780 15,732 Total Assets 63,900 87,400 There were 5,000 outstanding shares at December 31, 2019. Required a. What was Sue's return on assets for 2019 and 2019? (Round to one decimal point)
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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return on Assets
Sue Company reports the following information in its financial statements. Numbers are in thousands.
2019 2018
Net Sales $42,075 $44,100
Net Income 12,780 15,732
Total Assets 63,900 87,400
There were 5,000 outstanding shares at December 31, 2019.
Required
a. What was Sue's return on assets for 2019 and 2019? (Round to one decimal point)
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