During 2012 a company generated net income of 158 000 Total
During 2012, a company generated net income of $158,000. Total assets at the beginning of the year were $1,480,000 while they were $1,515,000 at the end of the year.
Required
Calculate the company's return on assets and briefly explain the result. Round percentages to one decimal point (i.e., 12.8%).
Membership TRY NOW
  • Access to 800,000+ Textbook Solutions
  • Ask any question from 24/7 available
    Tutors
  • Live Video Consultation with Tutors
  • 50,000+ Answers by Tutors
OR
Relevant Tutors available to help