Given:
Net income = $19,090
Assets at the beginning of the year = $209,000.
Assets at the end of the year total = $264,000.
To find:
The return on assets.
Solution:
Formula used:
Using the above formula, we get
The percentage form of 0.0807 is 8.07%.
Therefore, the return on assets is 8.07%.
Answer:
If a person selected at random from this group is a man, there is a 31.25% probability that the person favors raising the drinking age.
Step-by-step explanation:
We have these following informations:
There are 1000 people in total.
540 favored raising the age. Of them 390 were female, and 540-390 = 150 were male.
460 were opposed. Of them, 130 were female and 460-130 = 330 were males.
If a person selected at random from this group is a man, what is the probability that the person favors raising the drinking age?
There are 150+330 = 480 males. Of them, 150 favors raising the drinking age.
So
If a person selected at random from this group is a man, there is a 31.25% probability that the person favors raising the drinking age.