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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?

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?

Intermediate Accounting: Reporting And Analysis
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter5: The Income Statement And The Statement Of Cash Flows
Section: Chapter Questions
Problem 1RE: Brandt Corporation had sales revenue of 500,000 for the current year. For the year, its cost of...
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GENERAL ACCOUNTING 3

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?
Transcribed Image Text: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?
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