Rosalind company reported revenues of $111,500, expenses of $92,545, and net income of $18,955 for the year.
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Rosalind company reported revenues of $111,500, expenses of $92,545, and net income of $18,955 for the year. assets totaled $200,000 at the beginning of the year and $246,000 at the end of the year. Calculate the company's return on assets for the year (round the percent to one decimal) .
Related Book For
Intermediate Accounting
ISBN: 978-0324659139
11th edition
Authors: Loren A. Nikolai, John D. Bazley, Jefferson P. Jones
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