Amir Companys net income and net sales are $18,000 and $1,100,000, respectively, and average total assets are
Question:
Amir Company’s net income and net sales are $18,000 and $1,100,000, respectively, and average total assets are $100,000. What is Amir’s return on assets?
a. 20.0%
b. 18.0%
c. 3.7%
d. 7.0%
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Related Book For
Financial Accounting
ISBN: 978-0134725987
12th edition
Authors: C. William Thomas, Wendy M. Tietz, Walter T. Harrison Jr.
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