10.23%
return on total assets of River corp who's total assets at the end of last year were $390,000 and its net income was $32,750 was 10.23%
<h3>What was the return on total assets?</h3>
This can be found by the formula:
= Net income / Total assets x 100%
This then on substitution gives:
= 32,750 / 320,000 x 100%
= 10.23%
Hence, the return was 10.23%.
<h3>What is return on total assets?</h3>
The ratio of a company's profits before interest and taxes (EBIT) to its total net assets is called return on total assets (ROTA).
<h3>What is meant by return on asset?</h3>
- The return on assets (ROA), sometimes known as the return on total assets, is a metric for gauging how much money a company makes off of its capital.
- This profitability ratio illustrates the rate of growth in profits produced by an organization's assets.
<h3>What Makes a Strong ROA? </h3>
- Typically, a ROA of 5% or above is seen as good; a ROA of 20% or higher is regarded as great.
- In general, a corporation is more effective at making profits if its ROA is higher.
- However, the ROA of any one company must be viewed in the context of its rivals in the same sector and industry.
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$SPJ4
Answer:First and last months rent
Explanation:
The monthly groceries and the clothing purchases qualify as variable expenses. Variable expenses are expenses that can change in relation to your product or service usage such as fuel consumption<span>. The monthly groceries and the clothing purchases expense can change. It depends on how you spend your money.</span>
Answer:
Price earnings ratio = 24.09 (Approx)
Explanation:
Given:
Sale = $8,800
Profit margin = 4% = 0.04
Number of share = 5,300
Market price per share = $1.60
Find:
Price-earnings ratio
Computation:
Earnings Per share = Profit / Number of shares
Earnings Per share = [8,800 x 0.04] / 5300
Earnings Per share = $0.0664
Price earnings ratio = Market price per share / Earnings Per share
Price earnings ratio = 1.60/0.0664
Price earnings ratio = 24.09 (Approx)
Answer:
The solution would be for Mark's co-workers to call for an internal meeting with Mark. In the meeting, they would need to discuss all their issues ranging from mark's bike, to his actions in his work place.
Their is need for the workers to tell Mark that, his wet bike disrupt the work place making it unsafe during work. Also, they should tell him to lokk for another location where he will be parking his bike rather than bringing it inside the office.
Lastly, they should look for a subtle way to inform him about the need to take adequate care of his body and hair through appropriate grooming.
Explanation:
