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

Binary equivalent of decimal number 170
factoring, x squared +x-6?
what are the main sacred text of judaism
What are Some of the Most Common Energy Sources?
PLEASE HELP 20 POINTS!The sum of the x- and y-intercepts of the graph of 5x+3y = k is 32 5. Find the length of the line segment joining the x- and y-intercepts.
solve for x:    x to the negative 3rd power is equal to 27 over 64
What is a Light Year?
can we store electricity from lightning?
What are Some of the Most Common Energy Sources?
solve for x:    x to the negative 3rd power is equal to 27 over 64