If a company has long-term assets of $3,800,000, total assets of $4,100,000, sales of $5,800,000, cost of
Fantastic news! We've Found the answer you've been seeking!
Question:
If a company has long-term assets of $3,800,000, total assets of $4,100,000, sales of $5,800,000, cost of goods sold of $4,300,000, and net income of $460,000.
What is the return on assets ratio?
Related Book For
Financial Accounting: A Business Process Approach
ISBN: 978-0136115274
3rd edition
Authors: Jane L. Reimers
Posted Date: