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 = %

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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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 =
Check
Transcribed Image Text:Take me to the text 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 = Check
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