Answered: Henderson Technologies Technologies has…

Henderson Technologies 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?

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter7: Analysis Of Financial Statements

Section: Chapter Questions

Problem 7P: Ace Industries has current assets equal to 3 million. The companys current ratio is 1.5, and its...

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Question

What is its Return on total assets

Henderson Technologies
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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