The following data pertains to JKL Company for the year ended December 31, 2020. Net Sales 90,000 Net Income 22,500 Total Assets as of January 1, 2020 350,000 Total Assets as of December 31, 2020 270,000 Required Calculate the company's return on assets for 2020. Do not enter dollar signs or commas in the input boxes. Round your answer to 2 decimal places. Return on Assets = %

The following data pertains to JKL Company for the year ended December 31, 2020. Net Sales 90,000 Net Income 22,500 Total Assets as of January 1, 2020 350,000 Total Assets as of December 31, 2020 270,000 Required Calculate the company's return on assets for 2020. Do not enter dollar signs or commas in the input boxes. Round your answer to 2 decimal places. Return on Assets = %

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter6: Merchandising Transactions

Section: Chapter Questions

Problem 15EA: The following select account data is taken from the records of Reese Industries for 2019. A. Use the...

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