Subject: acounting Excerpts from Nationwide Company's December 31, 2024 and 2023, financialstatements are presented below:20242023$88,000 $75,00089,000 78,000Net sales420,000 374,000Cost of goods soldTotal assets264,000 227,000845,000 765,000515,000 445,00072,000 53,000Total stockholders' equityNet incomeWhat is the return on assets for 2024? (Round your answer to one decimal place.)Accounts receivableInventoryMultiple Choice1.5%8.5%8.9%0.3%

A financial term known as return on assets (ROA) is used to assess a company's profitability in…

Excerpts from Nationwide Company's December 31, 2024 and 2023, financial statements are presented below: Accounts receivable Inventory Net sales Cost of goods sold Total assets Total stockholders' equity Net income 515,000 72,000 What is the return on assets for 2024? (Round your answer to one decimal place- Multiple Choice O 1.5% O 8.5% O 8.9% O 2024 $88,000 2023 $75,000 89,000 78,000 420,000 374,000 264,000 227,000 845,000 765,000 445,000 53,000 0.3%

Excerpts from Nationwide Company's December 31, 2024 and 2023, financial statements are presented below: Accounts receivable Inventory Net sales Cost of goods sold Total assets Total stockholders' equity Net income 515,000 72,000 What is the return on assets for 2024? (Round your answer to one decimal place- Multiple Choice O 1.5% O 8.5% O 8.9% O 2024 $88,000 2023 $75,000 89,000 78,000 420,000 374,000 264,000 227,000 845,000 765,000 445,000 53,000 0.3%

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter4: Accounting For Retail Operations

Section: Chapter Questions

Problem 4.2MBA: Sales transactions Using transactions listed in P4-2, indicate the effects of each transaction on...

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