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jok3333 [9.3K]
2 years ago
7

Hot Shot Delivery Inc. provides the following year end data:

Business
1 answer:
saw5 [17]2 years ago
3 0

Answer:

27.3%

Explanation:

rate of retun on assets:

\frac{Income}{Assets} = $Assets rate of return

​where:

Net income:              112,000

2018 Assets:           410,000

\frac{112,000}{410,000} = $Assets rate of return

$Assets rate of return 0.2731707317073171‬ = 27.32%

During 2018 each dollar of assets generate 27.32 cents of income.

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Answer:

The correct option is C

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3 years ago
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3 years ago
Imprudential, Inc., has an unfunded pension liability of $800 million that must be paid in 24 years. To assess the value of the
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