Financial Statement: The financial statement is the part of final accounts of the company. The primary books of accounts like journal, ledgers are not presentable in front of users of the accounting information, so that the accountant of the company will prepare financial statements. The financial statement only records the quantitative information instead of qualitative one. Return on Assets: The return on assets is the return earned on the amount invested in assets. The return on assets is also known as the return on investment . In getting income individual or company will invest money; the ultimate aim is to earn a good return on the amount invested. To compute: Return on assets.

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Chapter 1, Problem 15QS

To determine

Financial Statement:

The financial statement is the part of final accounts of the company. The primary books of accounts like journal, ledgers are not presentable in front of users of the accounting information, so that the accountant of the company will prepare financial statements. The financial statement only records the quantitative information instead of qualitative one.

Return on Assets:

The return on assets is the return earned on the amount invested in assets. The return on assets is also known as the return on investment. In getting income individual or company will invest money; the ultimate aim is to earn a good return on the amount invested.

To compute: Return on assets.

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