Selected current year company information follows: Item Net Income Net Sales Total Liabilities (Beginning of Year) Total Liabilities (End of Year) Amount (S) 19,750 680,000 92,500 112,800 Total Stockholders' Equity (Beginning of Year) 198,000 Total Stockholders' Equity (End of Year) 145,200 Using this information, calculate the Return on Total Assets (ROA).
Selected current year company information follows: Item Net Income Net Sales Total Liabilities (Beginning of Year) Total Liabilities (End of Year) Amount (S) 19,750 680,000 92,500 112,800 Total Stockholders' Equity (Beginning of Year) 198,000 Total Stockholders' Equity (End of Year) 145,200 Using this information, calculate the Return on Total Assets (ROA).
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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Question
Don't use ai given answer accounting questions
![Selected current year company information follows:
Item
Net Income
Net Sales
Total Liabilities (Beginning of Year)
Total Liabilities (End of Year)
Amount (S)
19,750
680,000
92,500
112,800
Total Stockholders' Equity (Beginning of Year) 198,000
Total Stockholders' Equity (End of Year)
145,200
Using this information, calculate the Return on Total Assets (ROA).](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F8aee7400-764e-4e81-bca1-32d6fa56d2bc%2F8e118610-86a4-4e17-af56-c1712da0ecbc%2Fr60n4cq_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Selected current year company information follows:
Item
Net Income
Net Sales
Total Liabilities (Beginning of Year)
Total Liabilities (End of Year)
Amount (S)
19,750
680,000
92,500
112,800
Total Stockholders' Equity (Beginning of Year) 198,000
Total Stockholders' Equity (End of Year)
145,200
Using this information, calculate the Return on Total Assets (ROA).
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