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2020 2019 Cash $44.000 $25.000 Accounts Receivable 101.000 62.000 Merchandise Inventory 78.000 50.000 Plant assets 182.000 120.000 Additional information for the year ended December
2020 2019 Cash $44.000 $25.000 Accounts Receivable 101.000 62.000 Merchandise Inventory 78.000 50.000 Plant assets 182.000 120.000 Additional information for the year ended December 31, 2020 Net Sales $550.000 Cost of Goods Sold 150.000 Interest Expense Net income 24.000 184.000 Calculate the rate of return on total assets for 2020 Use the interest expense as shown below even though there is some debate if a should be included (Round your answer to two decimal place Return on Total Assets set income interest Expense)/Average Total Assets 71.60 62.844 51.36 45439
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