Knowledge Check Accounting data of Commercial Signs are presented here. Net income Total assets 2025 $20,790 332,000 2025 Return on assets 2024 2024 Return on assets $19,550 328,000 2023 $31,500 Calculate return on assets for 2024 and 2025. (Round your answers to two decimal places (e.g., 7.70%).) 352,000 % %
Knowledge Check Accounting data of Commercial Signs are presented here. Net income Total assets 2025 $20,790 332,000 2025 Return on assets 2024 2024 Return on assets $19,550 328,000 2023 $31,500 Calculate return on assets for 2024 and 2025. (Round your answers to two decimal places (e.g., 7.70%).) 352,000 % %
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
Please show your work.
![Your answer is incorrect.
Knowledge Check
Accounting data of Commercial Signs are presented here.
Net income
Total assets
2025
$20,790
2024
332,000 328,000
2025 Return on assets
2024 Return on assets
2023
$19,550 $31,500
Calculate return on assets for 2024 and 2025. (Round your answers to two decimal places (e.g., 7.70%).)
352,000
%
%
Save for Later Last saved 1 day ago.
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Transcribed Image Text:Your answer is incorrect.
Knowledge Check
Accounting data of Commercial Signs are presented here.
Net income
Total assets
2025
$20,790
2024
332,000 328,000
2025 Return on assets
2024 Return on assets
2023
$19,550 $31,500
Calculate return on assets for 2024 and 2025. (Round your answers to two decimal places (e.g., 7.70%).)
352,000
%
%
Save for Later Last saved 1 day ago.
Saved work will be auto-submitted on the due date. Auto-
submission can take up to 10 minutes.
Attempts: 1 of 5 used
Submit Answer
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