Answered

Discover new information and get your questions answered with IDNLearn.com. Discover in-depth and trustworthy answers from our extensive network of knowledgeable professionals.

What would be the return on total assets of a firm if net income is $50,000, total sales are $100,000, and total assets are $175,000

Sagot :

Answer: 28.6%

Explanation:

The return on the total asset of a firm will be calculated as the net income divided by the total asset and this will be:

=Net income / Total assets

=50,000/175,000

=28.6%

Therefore, return on total asset is 28.6%

We appreciate your participation in this forum. Keep exploring, asking questions, and sharing your insights with the community. Together, we can find the best solutions. Your search for solutions ends here at IDNLearn.com. Thank you for visiting, and come back soon for more helpful information.