Mozart, Inc. has net sales of $950,000, net income of $68,000, average current assets of $45,000, average fixed assets of $172,000, and average total assets of $211,000. Mozart, Inc.'s return on assets is

Mozart, Inc. has net sales of $950,000, net income of $68,000, average current assets of $45,000, average fixed assets of $172,000, and average total assets of $211,000. Mozart, Inc.'s return on assets is

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter5: The Income Statement And The Statement Of Cash Flows

Section: Chapter Questions

Problem 1RE: Brandt Corporation had sales revenue of 500,000 for the current year. For the year, its cost of...

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Question

100%

Return on assets?

Mozart, Inc. has net sales of $950,000, net income
of $68,000, average current assets of $45,000,
average fixed assets of $172,000, and average total
assets of $211,000. Mozart, Inc.'s return on assets is

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