Given the following data: Net sales for the period: $800,000 Net expenses for the period: $700,000 Cash flow from operating activities: $150,000 Average liabilities: $500,000 Average shareholders' equity: $300,000 Calculate the return on assets for the period.
Given the following data: Net sales for the period: $800,000 Net expenses for the period: $700,000 Cash flow from operating activities: $150,000 Average liabilities: $500,000 Average shareholders' equity: $300,000 Calculate the return on assets for the period.
Chapter16: Working Capital Policy And Short-term Financing
Section: Chapter Questions
Problem 10P
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Calculate the return on assets for the period
![Given the following data: Net sales for the period: $800,000 Net
expenses for the period: $700,000 Cash flow from operating
activities: $150,000 Average liabilities: $500,000 Average
shareholders' equity: $300,000
Calculate the return on assets for the period.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F824dbc5d-2c36-4965-94ba-70d31ee63115%2F35506ddb-9ff4-448f-853d-74bb14c2f5bb%2Fzm3zr6_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Given the following data: Net sales for the period: $800,000 Net
expenses for the period: $700,000 Cash flow from operating
activities: $150,000 Average liabilities: $500,000 Average
shareholders' equity: $300,000
Calculate the return on assets for the period.
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