Answer:
19.4 %
Step-by-step explanation:
The formula for<em> return on assets</em> (ROA) is
ROA = Net income /Total assets × 100 %
Since assets vary, we use the <em>average</em> of the total assets over the period.
<em>Calculate the average total assets</em>
At beginning of year, total assets = $263 000
At end of year, total assets = $313 000
Average = (313 000 + 263 000)/2
Average = 576 000/2
Average = $288 000
===============
<em>Calculate the ROA</em>
Net income = $56 000
ROA = 56 000/288 000 × 100 %
ROA = 0.194 × 100 %
ROA = 19.4 %
The company’s return on assets is 19.4 %.
Answer:
where are the equations?
Step-by-step explanation:
tell me and I will edit my answer to answer ur question
Answer:
Neema should get one box.
Step-by-step explanation:
Neema has 10 friends and each friend wants 2 cookies. 2x10 = 20 cookies, the exact amount that is included in a single box. So Neema only needs to get one box to satisfy everyone.
Negative 6 plus positive 3 equals negative three.
Answer:
The student ticket is 200 and the adults is 550
Step-by-step explanation:
So the set up is :
750 = x + y
5300 = 8x + 4.5 y
x will be adults and y will be students
Assuming you don't have calculator then you want to be able to eliminate either x or y from this system. The easiest is X cause its a whole number.
So multiply all the numbers from the first equation by 8 which gives
6000 = 8x + 8 y
5300 = 8x + 4.5 y
Then subtract the numbers (6000-5300 and 8x-8x and 8y-4.5y)
which gives :
700 = 3.5y
Solve for y = 200
and plug 200 back into any equation to solve for X
750 = x + 200
x = 550
