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:
$197.80
Step-by-step explanation:
$931.00 - $139.80 = $791.20
$791.20 / 4 equal installments = $197.80
Answer:
-1,000
Step-by-step explanation:
<u><em>Answer:</em></u>
Mrs. Hong originally had 900 ml of milk
<u><em>Explanation:</em></u>
The complete question is in the attached image
Assume that the amount of milk Mrs. Hong originally had was x ml
<u>We are given that:</u>
1- She used
of it to bake the waffles, <u>therefore</u>:
Amount used in baking waffles =
ml
2- She used 300 ml to bake a pie
3- Amount left is half the original amount, <u>therefore</u>:
Amount left =
ml
<u>We know that:</u>
Total amount = amount used in waffles + amount used in pie + amount left
<u>Substitute with the givens and solve for x:</u>
Total amount = amount used in waffles + amount used in pie + amount left

<u>This means that:</u>
She originally had 900 ml of milk
Hope this helps :)