Subject: general accounting Suppose Isha Corporation reportsbeginning assets of $55,000, endingassets of $70,000, net sales of$150,000, and net income of$12,500. What is the return onassets?

Explanation of Return on Assets (ROA):Return on Assets (ROA) is a financial ratio that measures a…

Answered: Suppose Isha Corporation reports…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

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Problem 1Q

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Suppose Isha Corporation reports beginning assets of $55,000, ending assets of $70,000, net sales of $150,000, and net income of $12,500. What is the return on assets?