Henderson Technologies has net income of $320,000, net sales of $2,400,000, and average total assets of $1,800,000. What is its return on total assets?

Financial Management: Theory & Practice
16th Edition
ISBN:9781337909730
Author:Brigham
Publisher:Brigham
Chapter7: Corporate Valuation And Stock Valuation
Section: Chapter Questions
Problem 1P: Ogier Incorporated currently has $800 million in sales, which are projected to grow by 10% in Year 1...
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SUBJECT FINANCIAL ACCOUNTING

Henderson Technologies has net
income of $320,000, net sales of
$2,400,000, and average total
assets of $1,800,000.
What is its return on total
assets?
Transcribed Image Text:Henderson Technologies has net income of $320,000, net sales of $2,400,000, and average total assets of $1,800,000. What is its return on total assets?
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