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Georgia [21]
3 years ago
9

Assume Metro Company had a net income of​ $2,100 for the year ending December 2018. Its beginning and ending total assets were​

$33,500 and​ $19,500, respectively. Calculate​ Metro's return on assets​ (ROA). (Round your percentage answer to two decimal​ places.)
Business
1 answer:
Sever21 [200]3 years ago
7 0

Answer:

7.92%

Explanation:

The computation of the return on total assets is shown below:

Return on assets = (Net income) ÷ (average of total assets)

where,  

Net income is $2,100

Average total assets = (Beginning total assets + ending total assets) ÷ 2

= ($33,500 + $19,500) ÷ 2

= $26,500

Now put these values to the above formula  

So, the ratio would equal to

= $2,100 ÷ $26,500

= 7.92%

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1 year ago
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3 years ago
Seating Company is currently selling 1,400 oversized bean bag chairs a month at a price of ​$95 per chair. The variable cost of
-BARSIC- [3]

Answer:

Contribution Margin Income Statement

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7 0
3 years ago
At the beginning of the twentieth century, for the most part, the only investments available to individual investors were corpor
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Answer:

A. True

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