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Req A Req B Reg C If return on assets for competitors is 15%, what must the return on assets equal for this company to be judged better tha competitors? OGreater than 15% OLess than 15% OExactly equal to 15% Greater than 0% Greater than 5%

Req A Req B Reg C If return on assets for competitors is 15%, what must the return on assets equal for this company to be judged better tha competitors? OGreater than 15% OLess than 15% OExactly equal to 15% Greater than 0% Greater than 5%

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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19 The following dashboard shows a company's account balances for the year ended December 31. Cash $15. Net Income $20 $10 Reg A 520 Average Total Equity $80 Net Sales $90 Average Total Assets $100 Enter answers for the following. Reg B $30 Reg C Compute the company's return on assets. Choose Numerator: $40 $50 Choose Denominator: 560 $70 = Rebum on assets 500 590 $300
Transcribed Image Text:19 The following dashboard shows a company's account balances for the year ended December 31. Cash $15. Net Income $20 $10 Reg A 520 Average Total Equity $80 Net Sales $90 Average Total Assets $100 Enter answers for the following. Reg B $30 Reg C Compute the company's return on assets. Choose Numerator: $40 $50 Choose Denominator: 560 $70 = Rebum on assets 500 590 $300
Enter answers for the following. Req A Req A Req B If return on assets for competitors is 15%, what must the return on assets equal for this company to be judged better than competitors? OGreater than 15% OLess than 15% OExactly equal to 15% OGreater than 0% Greater than 5% OLess than 5% Enter answers for the following. Req B Req C Reg C A 30% return on assets can best be interpreted as follows: OA company creates $30 in net income for each $100 invested in assets. OA company creates $30 in net income for each $100 generated in sales A company creates $30 in total assets for each $100 generated in net income. <Reg A A company creates $100 in net income for each $30 invested in assets. A company creates $100 in total assets for each $30 generated in sales. < Reg RC > ReqC >
Transcribed Image Text:Enter answers for the following. Req A Req A Req B If return on assets for competitors is 15%, what must the return on assets equal for this company to be judged better than competitors? OGreater than 15% OLess than 15% OExactly equal to 15% OGreater than 0% Greater than 5% OLess than 5% Enter answers for the following. Req B Req C Reg C A 30% return on assets can best be interpreted as follows: OA company creates $30 in net income for each $100 invested in assets. OA company creates $30 in net income for each $100 generated in sales A company creates $30 in total assets for each $100 generated in net income. <Reg A A company creates $100 in net income for each $30 invested in assets. A company creates $100 in total assets for each $30 generated in sales. < Reg RC > ReqC >
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