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:
the best thing to remember was in electricity prices in electricity prices in London in electricity and in electricity and gas prices and seek out the most efficient way of doing holiday shopping in a city with my own family and family and the food we are doing tasks and crewmate and our meals will kill the imposter of our children in our country in our lives that was close in a very long period and seek the same result as divisor in our society for me as divisor to make sure we will be the only people who have a right angle of life that was
Answer:
9
Step-by-step explanation:
Answer:
<h2>y = 4</h2>
Step-by-step explanation:
Put x = 9 to the equation 3x + 4y = 43
(3)(9) + 4y = 43
27 + 4y = 43 <em>subtract 27 from both sides</em>
4y = 16 <em>divide both sides by 4</em>
y = 4
Answer:
s to the power of 3
Step-by-step explanation:
