Answer
Net Income
Work Step by Step
Return on Assets ratio = --------------- X100
Average total assets
854
Return on Assets ratio = -------------- X100
3,095
= 25.59%
Accounting: Tools for Business Decision Making, 5th Edition
by Kimmel, Paul D.; Weygandt, Jerry J.; Kieso, Donald E.
Published by
Wiley
ISBN 10:
1118128168
ISBN 13:
978-1-11812-816-9
Chapter 9 - Reporting and Analyzing Long-Lived Assets - Questions - Page 483: 22
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