Solve the financial accounting prblm Firoz Company reported a net income of $16,700 ongrosssales of $80,000. The company has average totalassets of $115,200 of which $100,000 is property,plant, and equipment. What is the company's returnon investment?

Explanation of Net Income: Net income represents the total earnings of a company after deducting all…

Answered: Firoz Company reported a net income of…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter12: Balanced Scorecard And Other Performance Measures

Section: Chapter Questions

Problem 5EB: During the current year. Plainfield Manufacturing earned income of $845,000 from total sales of...

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Firoz Company reported a net income of $16,700 on gross sales of $80,000. The company has average total assets of $115,200 of which $100,000 is property, plant, and equipment. What is the company's return on investment?