Ask Question
BusinessBusiness
7 February, 17:41

Rosalind company reported revenues of $111,500, expenses of $92,545, and net income of $18,955 for the year. assets totaled $200,000 at the beginning of the year and $246,000 at the end of the year. the company's return on assets for the year (round the percent to one decimal) is

+2
Answers (1)
  1. 7 February, 17:42
    0
    Return on assets =

    net income:average total assets

    Net income=18,955

    Average total assets

    (200,000+246,000) : 2=223,000

    Return on assets is

    18,955:223,000

    =0.085
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Rosalind company reported revenues of $111,500, expenses of $92,545, and net income of $18,955 for the year. assets totaled $200,000 at the ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
The federal funds rate is A. the interest rate the Fed charges commercial banks. B. the interest rate on a Treasury Bill. C. the interest rate a bank charges its best customers. D. the interest rate banks charge each other for overnight loans.
Answers (1)
Rice Industries owns a manufacturing plant in a foreign country. Political unrest in the country indicates that Rice should investigate for possible impairment.
Answers (1)
An economy has a fixed price level, no imports, and no income taxes. MPC is 0.8 , and real GDP is $150 billion. Businesses increase investment by $2 billion.
Answers (1)
The auditors do not believe that certain lease obligations have been reflected in conformity with generally accepted accounting principles in the client's financial statements.
Answers (1)
To make its dry ice, Polar Caps Ice Company compresses carbon dioxide and cools it to an extremely low temperature. Polar Caps Ice Caps' method is an example of process manufacturing. A. TrueB. False
Answers (1)
New Questions in Business
The same person opens incoming mail and posts the accounts receivable subsidiary ledger.
Answers (1)
George failed to pay $5,000 of income tax due with the filing of his return, which was timely filed on April 15th. He waits until June 10th after April 15th to pay the tax. How much will his penalties be?
Answers (1)
On November 1, 2019, Juno, Inc. declared a dividend of $3.00 per share on common stock. Juno, Inc. has 10,000 shares of common stock outstanding and 20,000 shares of preferred stock.
Answers (1)
Fallon Corporation reports net income of $370,000. Accounts Receivable balances at the beginning and end of the year were $40,000 and $48,000, respectively. Beginning and ending Inventory balances were $60,000 and $54,000, respectively.
Answers (1)
An asset was purchased for $60,000 and originally estimated to have a useful life of 10 years with a residual value of $3,000.
Answers (2)
Home » Business » Rosalind company reported revenues of $111,500, expenses of $92,545, and net income of $18,955 for the year. assets totaled $200,000 at the beginning of the year and $246,000 at the end of the year.
Sign Up Forgot Password?