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%
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- Amir Company’s net income and net sales are $18,000 and $1,100,000, respectively,and average total assets are $100,000. What is Amir’s return on assets?a. 20.0%b. 18.0%c. 3.7%d. 7.0%AnswerHarmony Haven Gifts has sales of $810,200, total assets of $577,900, and a profit margin of 4.3 percent. What is the return on assets? 6.03 percent 4.30 percent O 6.54 percent 3.83 percent 7.01 percent
- What is the return on assets? General accountingCurrent ratio = 2.4 times Profit margin = 10% Sales = $1,220 million ROE = 10% Long-term debt to Long-term debt and equity = 60% Use the above information to complete the balance sheet below. Note: Enter your answers in millions. there is no asset turn over. this is the whole question current assets=______million fixed assets=_____million Total assets______million Current liabilities 230 million long term debt_____ million stockholders equity______million Total liabilities and equity_______ millionA company has net income of $300,000, net sales of $2,500,000, and total assets of $2,000,000. Its return on total assets equals a. 6.7%. c. 8.3%. e. 15.0%. b. 12.0%. d. 80.0%.