Selected current year company information follows: Net income $ 16,853 Net sales 721,855 Total liabilities, beginning-year...

 

Transcribed Image Text:

Selected current year company information follows: Net income $ 16,853 Net sales 721,855 Total liabilities, beginning-year 92,932 Total liabilities, end-of-year 112,201 Total equity, beginning-year 207,935 Total equity, end-of-year 135,351 The return on total assets is:(Do not round intermediate calculations.) Selected current year company information follows: Net income $ 16,853 Net sales 721,855 Total liabilities, beginning-year 92,932 Total liabilities, end-of-year 112,201 Total equity, beginning-year 207,935 Total equity, end-of-year 135,351 The return on total assets is:(Do not round intermediate calculations.)

Answer rating: 100% (QA)

The return on total assets ROA measures how much profit a company earned for each dollar of assets i... View the full answer