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Solnce55 [7]
3 years ago
7

Walk Co’s average total assets are $200,000, net sales total to $100,000, and net income is $40,000. How much net income did Wal

k Co generate for each dollar of assets invested?
Business
1 answer:
kupik [55]3 years ago
6 0

Answer:

$0.20 or 20 cents for every dollar invested as assets

Explanation:

To determine how many dollars (or cents) of net income did Walk Co. generate for every dollar of assets invested we have to;

divide Walk Co.'s net income by its total assets = $40,000 / $200,000 = $0.20 or 20 cents. This is called the

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