Question

Oleander Corporation had total assets of $ 1,200,000 on 31 December 20X3. At 31 December 20X4, total assets had increased to $ 1,400,000. Oleander’s statement of changes in equity disclosed the following amounts at the beginning and end of 20X4:


The company’s 20X4 statement of comprehensive income showed the following amounts:
Earnings from continuing operations, net of income tax $ 53,000
Earnings (loss) from discontinued operations, net of income tax (4,000)
Other comprehensive income (2,000)
Comprehensive income $ 47,000

Required:
Determine Oleander Corporation’s
(1) Return on assets and
(2) Return on invested capital for the year 20X4 based on netincome.


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  • CreatedFebruary 17, 2015
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