caddiblack3902 caddiblack3902
  • 01-01-2021
  • Business
contestada

A company had net income of $2,660,000, net sales of $25,000,000, and average total assets of $8,000,000. Its return on total assets equals

Respuesta :

abiolataiwo2015
abiolataiwo2015 abiolataiwo2015
  • 06-01-2021

Answer:

33.25%

Explanation:

Calculation for what Its return on total assets equals

Using this formula

Return on total assets =Net income/Average total assets *100

Let plug in the formula

Return on total assets =$2,660,000/$8,000,000*100

Return on total assets =0.3325*100

Return on total assets=33.25%

Therefore what Its return on total assets equals is 33.25%

Answer Link

Otras preguntas

The cells responsible for the carrying of oxygen are the: white cells red cells fat cells platelets
What is the answer for -0.04 times -0.1?
What is the quotient of 56,700 ÷ 15? A 3,780 B 3,840 C 4,780 D 4,840
What is a citation??? i have to write one for my essay please answer quickly it's due monday
Subtract. (9j+9)–(8j+4)
Two or more sudstances that are mixed together but not chemically combined
In “Nolan Bushnell,” which of the following descriptions best reflects how Bushnell’s first computer game was initially received? A: It was moderately received,
Tubes of oil paint can be bought in sets of 5 for 13.75 or bought sepretly for the unit price. what would be the price of two tubes of this oil paint
What is the difference between an ion and an atom?
How did the louisiana purchase affect the nation’s economy and politics?