Homework Help is Here – Start Your Trial Now!
Business
Accounting
Profit is $100,000, average assets are $800,000, and net sales are $1,000,000. The return on assets ratio is a) 10 times b) 8 times c) 10.0% d) 12.5%

Profit is $100,000, average assets are $800,000, and net sales are $1,000,000. The return on assets ratio is a) 10 times b) 8 times c) 10.0% d) 12.5%

Principles of Accounting Volume 1
Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter5: Completing The Accounting Cycle
Section: Chapter Questions
Problem 15MC: If current assets are $112,000 and current liabilities are $56,000, what is the current ratio? A....
See similar textbooks
icon
Related questions
Question
100%

Hi expert please give me answer general accounting

Profit is $100,000, average assets are $800,000, and net sales are $1,000,000. The return on assets ratio is a) 10 times b) 8 times c) 10.0% d) 12.5%
Transcribed Image Text:Profit is $100,000, average assets are $800,000, and net sales are $1,000,000. The return on assets ratio is a) 10 times b) 8 times c) 10.0% d) 12.5%
Expert Solution
steps

Step by step

Solved in 2 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer