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Selected current year company information follows: Financial Data Net income Net sales Total liabilities, beginning-year Amount $ 24,680 835,750 108,450 132,870 Total liabilities, end-of-year Total stockholders' equity, beginning- 245,320 year Total stockholders' equity, end-of-year 188,430 What is the return on total assets? (Do not round intermediate calculations.)

Selected current year company information follows: Financial Data Net income Net sales Total liabilities, beginning-year Amount $ 24,680 835,750 108,450 132,870 Total liabilities, end-of-year Total stockholders' equity, beginning- 245,320 year Total stockholders' equity, end-of-year 188,430 What is the return on total assets? (Do not round intermediate calculations.)

Managerial Accounting
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter16: Financial Statement Analysis
Section: Chapter Questions
Problem 9BE
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What is the return on total assets?

Selected current year company information follows: Financial Data Net income Net sales Total liabilities, beginning-year Amount $ 24,680 835,750 108,450 132,870 Total liabilities, end-of-year Total stockholders' equity, beginning- 245,320 year Total stockholders' equity, end-of-year 188,430 What is the return on total assets? (Do not round intermediate calculations.)
Transcribed Image Text:Selected current year company information follows: Financial Data Net income Net sales Total liabilities, beginning-year Amount $ 24,680 835,750 108,450 132,870 Total liabilities, end-of-year Total stockholders' equity, beginning- 245,320 year Total stockholders' equity, end-of-year 188,430 What is the return on total assets? (Do not round intermediate calculations.)
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