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diamong [38]
3 years ago
12

Assume Metro Corporation had a net income of $ 2,200 for the year ending December 2018. Its beginning and ending total assets we

re $ 31,500 and $ 20,500​, respectively. Calculate​ Metro's return on assets​ (ROA). (Round your percentage answer to two decimal​ places.)
Business
1 answer:
Aleksandr-060686 [28]3 years ago
7 0

Answer:

The return on assets is 8.4%

Explanation:

In order to calculate the return on assets we will first need to find the average total assets. We will do this by adding the beginning and ending total assets and dividing it by 2.

Average total assets= (31,500+20,500)/2= 26.000

Now in order to find the return on assets we will divide the net income by the average total assets.

Return on assets = 2,200/26,000=0.084=8.4%

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d. Asset.

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b. Common Stock and Dividends are examples of equity accounts.

c. Accounts Payable and Note Payable are examples of liability accounts.

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3 years ago
The specific collection of values, norms, beliefs, and attitudes shared by people and groups in a company is commonly referred t
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Answer:

C. organizational culture

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3 years ago
discuss the rationale of organizing an industrial strike in resolving employee dispute with the state,focusing on the detrimenta
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Answer: The answer is given below

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3 years ago
A company regularly purchases cleaning supplies from a vendor and orders relatively consistent amounts of the same products on e
zvonat [6]

Answer: Straight Rebuy

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