Suppose Isaiah Company reports beginning assets of $40,000, ending assets of $50,000, net sales of $120,000, and net income of $10,000. What is the return on assets?

Excel Applications for Accounting Principles
4th Edition
ISBN:9781111581565
Author:Gaylord N. Smith
Publisher:Gaylord N. Smith
Chapter22: Master Budget (master)
Section: Chapter Questions
Problem 5R: Suppose the company has just the opposite news and now expects unit sales for August, September, and...
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General Accounting

Suppose Isaiah Company reports beginning
assets of $40,000, ending assets of
$50,000, net sales of $120,000, and net
income of $10,000. What is the return on
assets?
Transcribed Image Text:Suppose Isaiah Company reports beginning assets of $40,000, ending assets of $50,000, net sales of $120,000, and net income of $10,000. What is the return on assets?
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