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1.
Concept Introduction:
Return on total assets is calculated by dividing the income of the business by the total assets of the business. Return over assets show how much business is earning on its invested assets.
Return on assets= Net Income/ Total Assets.
To Calculate:
Return on assets of two recent years.
2.
Concept Introduction:
Return on total assets is calculated by dividing the income of the business by the total assets of the business. Return over assets show how much business is earning on its invested assets.
Return on assets= Net Income/ Total Assets.
To Calculate:
Trend of return.
3.
Concept Introduction:
Return on total assets is calculated by dividing the income of the business by the total assets of the business. Return over assets show how much business is earning on its invested assets.
Return on assets= Net Income/ Total Assets.
To Calculate:
Compare return with the other companies.
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Chapter C Solutions
Financial Accounting: Information for Decisions
- ABD's Breads produces loaves of bread, which sell for $6.00 each. During the current month, ABD produced 3,500 loaves of bread, but only sold 3,200 loaves. The variable cost per loaf was $2.50. Total fixed manufacturing costs were $2,100 and total fixed marketing and administrative costs were $1,500. What is the product cost per loaf under absorption costing?arrow_forwardAI ANSWER WILL GET UNHELPFUL RATEarrow_forwardCompute the amount of the work in process inventory?arrow_forward
- What is the company's gross margin?arrow_forwardwhat was the cost of goods sold for the year?arrow_forwardOn March 5, 2010, Yamada Dairy Co. decided to replace its outdated pasteurization system with a more efficient one. The old system had a book value of $10,500 and a fair value of $1,500. Yamada's new pasteurization system has a fair value of $210,000, for which Yamada paid $208,500 after allowing the contractor to keep the old equipment. How much should Yamada capitalize on the cost of the new pasteurization system?arrow_forward
- Principles of Accounting Volume 1AccountingISBN:9781947172685Author:OpenStaxPublisher:OpenStax College