For 2014, Hammer Company reports beginning of the year total assets of $900,000, end of the year total assets of $1,100,000, net sales of $750,000, and net income of $150,000. The rate of return on assets for Hammer in 2014 is: a. 12.0%. b. 13.6%. c. 15.0%. d. 16.7%.

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter16: Working Capital Policy And Short-term Financing
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For 2014, Hammer Company reports beginning of the year total assets
of $900,000, end of the year total assets of $1,100,000, net sales of
$750,000, and net income of $150,000. The rate of return on assets
for Hammer in 2014 is:
a. 12.0%.
b. 13.6%.
c. 15.0%.
d. 16.7%.
Transcribed Image Text:For 2014, Hammer Company reports beginning of the year total assets of $900,000, end of the year total assets of $1,100,000, net sales of $750,000, and net income of $150,000. The rate of return on assets for Hammer in 2014 is: a. 12.0%. b. 13.6%. c. 15.0%. d. 16.7%.
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