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1. If you have the following information for the company XYZ financial report for the year ended 2019. What is the Net Return on Assets

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1. If you have the following information for the company XYZ financial report for the year ended 2019. What is the Net Return on Assets Ratio (NRAR)? (10 Marks) Classifications Amount in $ Returns and Allowances 2,366 50,000 Total Assets for the year ended 2018 Beginning Inventory Total Assets for the year ended 2019 50,000 150,000 Purchases 100,000 10,000 Other Expenses Total Operating Expenses Ending Inventory 150,000 25,724 Gross Sales 350,642

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