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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What is the return of assets
d. Calculate the Efficiency ratio which includes the sales to total assets ratio, operating return on assets, return on assets, ROA Model, return on equity, and ROE Model
Please provide correct answer general accounting
What is the return on assets? General accounting
A return on assets of 5.15% means that a company is earning: O a. a $5.15 return on every $100 of assets minus liabilities. O b. a $5.15 return on every $100 of total assets. O c. a $5.15 return on every $100 of current assets. O d. a $5.15 return on every $100 invested in long-term assets.
The following is an example of Current assets Fixed assets Current Year $ 420,000 1,530,000 a. regression analysis b. horizontal analysis c. net assets analysis d. marketability analysis Prior Year $ 500,000 1,500,000 Increase (Decrease) Amount $(80,000) 30,000 Percent (16%) 2%
19. Using the following information, calculate the return on assets. Net income for November Total assets, November 1 Total assets, November 30 $ Identify the formula and then solve for return on assets (ROA). (Round the ROA to the nearest tenth percent, X.X%.) ROA + 4,710 55,000 102,000 + = %
What is the Return on Equity? Total Asset Turnover = .245 Net Income = $400,000 Equity Multiplier = 1.20 Net Sales = $1,300,000
A return on assets of 5.15% means that a company is earning: a.a $5.15 return on every $100 invested in long-term assets. b.a $5.15 return on every $100 of total assets. c.a $5.15 return on every $100 of assets minus liabilities. d.a $5.15 return on every $100 of current assets.
Consider the following income statement: Sales Costs $ 602,184 391,776 Depreciation 89,100 Taxes Calculate the EBIT. EBIT 21% Calculate the net income. Net income
Give true calculation for this general accounting question

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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?