Answered: Zenith Manufacturing Inc. reports net…

Zenith Manufacturing Inc. reports net income of $320,000. The return on assets (ROA) for the year is 16%. What is the company's average total assets for the year?

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter12: Balanced Scorecard And Other Performance Measures

Section: Chapter Questions

Problem 6EB: During the current year, Plainfield Manufacturing earned income of $845,000 from total sales of...

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Need help with this general accounting question not use ai and chatgpt

Zenith Manufacturing Inc. reports net income of
$320,000. The return on assets (ROA) for the year is
16%.
What is the company's average total assets for the year?

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