Belen Company has the following financial data related to years 2017 and 2018: Net Income 2017:$30,000 Net

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Belen Company has the following financial data related to years 2017 and 2018:

Net Income 2017: $30,000

Net Income 2018: $45,000

Average Total Assets 2017: $347,000

Average Total Assets 2018: $425,000

Average Stockholders’ Equity 2017: $127,000

Average Stockholders’ Equity 2018: $115,000

Based on the information above, Belen Company’s Return on Assets for year 2018 is:

a. 10.59%

b. 12.97%

c. 8.65%

d. 7.06%

e. 8.82%

Related Book For answer-question

Introduction to Management Accounting

ISBN: 978-0133058789

16th edition

Authors: Charles Horngren, Gary Sundem, Jeff Schatzberg, Dave Burgsta

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Posted Date: Feb 17, 2024 12:47 AM

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Belen Company has the following financial data related to years 2017 and 2018: Net Income 2017:$30,000 Net

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Introduction to Management Accounting

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