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Nostrana [21]
3 years ago
13

Assume Worldwide Cleaning Service had net income of $ 900 for the year. Worldwide Cleaning​ Service's beginning and ending total

assets were $ 4 comma 600 and $ 4 comma 400​, respectively. Calculate Worldwide Cleaning​ Service's return on assets for the year
Business
1 answer:
g100num [7]3 years ago
4 0

Answer:

return on assets = 20%

Explanation:

given data

net income = $900

beginning total assets = $4600

ending total assets = $4400

solution

we get here return on assets that is express as

return on assets = \frac{net\ income}{average\ assets} × 100   ............1

here average assets will be

average assets = \frac{4600+4400}{2}

average assets = $4500

put here value we get

return on assets = \frac{900}{4500} × 100

return on assets = 20%

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3 years ago
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Answer: The answers to the question are provided below.

Explanation:

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• Monetary policy is implemented by independent monetary authorities. Therefore, unpopular decisions such as the increase of interest rates to decrease inflationary pressure can be used.

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