I don't need ai answer accounting questions Use the data given below:Net sales for the period$1,100,000Net expenses for the period$1,000,000Cash flow from operating activities $120,000Average liabilities$750,000Average shareholders' equity$250,000What was the return on assets for the period?

Step 1: Define Return on Asset:Return on asset is a profitability matrix that shows how efficiently…

Answered: Use the data given below: Net sales for…

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter15: Capital Investment Analysis

Section: Chapter Questions

Problem 15.5.1MBA

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Sales Operating Income Total Assets (investment) Target Rate of Return (Cost of Capital) $1,520,437 $77,792 $500,251 12% What is return on investment? Input your answer to 1 decimal place. For example if you calculate.1892 enter 18.9.
Please provide correct answer general accounting
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Amir Company’s net income and net sales are $18,000 and $1,100,000, respectively,and average total assets are $100,000. What is Amir’s return on assets?a. 20.0%b. 18.0%c. 3.7%d. 7.0%
Calculating the Average Total Assets and the Return on Assets The income statement, statement of retained earnings, and balance sheet for Santiago Systems are as follows: Santiago Systems Income Statement For the Year Ended December 31, 20X2 Amount Percent Net sales $5,345,000 100.0% Less: Cost of goods sold (3,474,250) 65.0 Gross margin $1,870,750 35.0 Less: Operating expenses (1,140,300) 21.3 Operating income $730,450 13.7 Less: Interest expense (27,000) 0.5 Income before taxes Less: Income taxes (40%)* $703,450 13.2 (281,380) 5.3 Net income $422,070 7.9 * Includes both state and federal taxes.
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Use the data given below: Net sales for the period $1,100,000 Net expenses for the period $1,000,000 Cash flow from operating activities $120,000 Average liabilities $750,000 Average shareholders' equity $250,000 What was the return on assets for the period?