Selected current year company information follows: Net income Net sales Total liabilities, beginning-year Total liabilities, end-of-year $ 19,550 724,843 92,922 115,210 Total stockholders' equity, beginning-year 212,935 Total stockholders' equity, end-of-year 135,858 What is the return on total assets? (Do not round intermediate calculations.)

Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter12: Fainancial Statement Analysis
Section: Chapter Questions
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What is the return on total assets?

Selected current year company information follows:
Net income
Net sales
Total liabilities, beginning-year
Total liabilities, end-of-year
$ 19,550
724,843
92,922
115,210
Total stockholders' equity, beginning-year 212,935
Total stockholders' equity, end-of-year
135,858
What is the return on total assets? (Do not round
intermediate calculations.)
Transcribed Image Text:Selected current year company information follows: Net income Net sales Total liabilities, beginning-year Total liabilities, end-of-year $ 19,550 724,843 92,922 115,210 Total stockholders' equity, beginning-year 212,935 Total stockholders' equity, end-of-year 135,858 What is the return on total assets? (Do not round intermediate calculations.)
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