The following information is available from the financial statements of Akerley Hospitality 2017 2018 2019 Total assets, December 31 Net income $608,000 $330,000 $1,456,000 56,800 59,400 62,400 a) Calculate Akerley's return on total assets for 2018 and 2019. Please make sure your final answer(s) are in percentage form and are accurate to 2 decimal places. (For example: 12.34%) b) Determine if the change in Akerley's return on total assets is favorable or unfavorable.

The following information is available from the financial statements of Akerley Hospitality 2017 2018 2019 Total assets, December 31 Net income $608,000 $330,000 $1,456,000 56,800 59,400 62,400 a) Calculate Akerley's return on total assets for 2018 and 2019. Please make sure your final answer(s) are in percentage form and are accurate to 2 decimal places. (For example: 12.34%) b) Determine if the change in Akerley's return on total assets is favorable or unfavorable.

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Description: The following information is available from the financial statements of AkerleyHospitality201720182019Total assets, December 31,Net income$608,000 $330,000 $1,456,00059,40062,40056,800a) Calculate Akerley's return on total assets for 2018 and 2019.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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