Selected current year company information follows: Net income Net sales Total liabilities, beginning-year Total liabilities, end-of-year $ 16,553 718,855 89,932 109,201 Total stockholders' equity, beginning-year 204,935 Total stockholders' equity, end-of-year 130,851 What is the return on total assets? (Do not round intermediate calculations.).
Selected current year company information follows: Net income Net sales Total liabilities, beginning-year Total liabilities, end-of-year $ 16,553 718,855 89,932 109,201 Total stockholders' equity, beginning-year 204,935 Total stockholders' equity, end-of-year 130,851 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
Problem 55CE
Related questions
Question
Accounting selected current year company information follow:

Transcribed Image Text:Selected current year company information follows:
Net income
Net sales
Total liabilities, beginning-year
Total liabilities, end-of-year
$ 16,553
718,855
89,932
109,201
Total stockholders' equity, beginning-year 204,935
Total stockholders' equity, end-of-year
130,851
What is the return on total assets? (Do not round
intermediate calculations.).
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