Mountain View Hotels reports net income of $250,000, average total assets of $1,200,000, and average total liabilities of $500,000. Calculate the return on assets and return on equity ratios.
Mountain View Hotels reports net income of $250,000, average total assets of $1,200,000, and average total liabilities of $500,000. Calculate the return on assets and return on equity ratios.
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter15: Financial Statement Analysis
Section: Chapter Questions
Problem 49E
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Transcribed Image Text:Mountain View Hotels reports net income of $250,000, average total
assets of $1,200,000, and average total liabilities of $500,000.
Calculate the return on assets and return on equity ratios.
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