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zzz [600]
3 years ago
9

The ABC Company has a net income of $56,000, assets at the beginning of the year are $263,000 and assets at the end of the year

are $313,000. What is the company’s return on assets?
Mathematics
2 answers:
Vera_Pavlovna [14]3 years ago
8 0

Answer:

19.4%

Step-by-step explanation:

aleksandr82 [10.1K]3 years ago
4 0

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 %.

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Use the Distributive Property to simplify the expression.<br><br> 12(6−k) = ???
Marina86 [1]

Answer:

12(6)-12(k)

Step-by-step explanation:

4 0
3 years ago
When baking a cake you have a choice of the following pans: a round cake that is 2 inches deep and has a 7-inch diameter, a 6 in
irga5000 [103]
The answer is
round cake - 82.42 in²
rectangular cake - 114 in²

Round cake:
d = 7 in
r = d/2 = 7 in / 2 = 3.5 in
h = 2 in

The surface are of a cylinder is:
A = 2πr² + 2πrh

The surface are of the round cake (which is actually a cylindrical cake) excluding the bottom is:
A = 2πr² + 2πrh - πr²
A = πr² + 2πrh
A = 3.14 * 3.5² + 2 * 3.14 * 3.5 * 2
    = 38.46 + 43.96
    = 82.42 in²

Rectangular cake:
w = 6 in
l = 9 in
h = 2 in

The surface are of a rectangle is:
A = 2wl + 2wh + 2lh

The surface are of the rectangular cake excluding the bottom is:
A = 2wl + 2wh + 2lh - wl
A = wl + 2wh + 2lh
A = 6 * 9 + 2 * 6 * 2 + 2 * 9 * 2
    = 54 + 24 + 36
    = 114 in²

5 0
3 years ago
6 1/2 divided by 3/4 pls someone help ASAP
e-lub [12.9K]

Answer:

Its basically asking 6.50 / .75 which is 8.6 or you can round it to 8.7

Step-by-step explanation:

8 0
3 years ago
Read 2 more answers
5
dalvyx [7]

Answer: No solution

Step-by-step explanation:

1. Expand the brackets- 9-3x+5x=2x+4

2. Add common terms- 9+2x=2x+4

3. Subtract 2x from both sides- 9=4

4. Nine cannot equal four and therefore, there is no solution.

6 0
2 years ago
(-7x∧5 + 14 - 2x) + (10x∧4 + 7x + 5x∧5)
Maslowich
-7x^5 + 5x^5 +10x^4 -2x + 7x + 14= -2x^5 +10x^4 +5x + 14

Your answer is -2x^5 +10x^4 +5x + 14
7 0
3 years ago
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