Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 23, 2024

24 (1 point) For a company with a net profit of $11,000 and $300,000 in total assets, what is the return on assets? 0.036% 9%

24 (1 point) For a company with a net profit of $11,000 and $300,000 in total assets, what is the return on assets? 0.036% 9% 3.6% .36%

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Services And Markets

Authors: Dr. Punithavathy Pandian

8125931201, 978-8125931201

More Books

Students also viewed these Accounting questions

Question

★★★★★

The Federal Water Pollution Control Act (FWPCA) ensures that the water available in the public water supply system is safe to drink.

Answered: 1 week ago

Question

★★★★★

A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations: $ 135 2,770 2,550 220 Selling price Units in beginning inventory...

Answered: 1 week ago

Question

★★★★★

=+1. What aspect of development did Jean Piaget's theory focus on? a. Social b. Moral c. Cognitive d. Physical e. Ego

Answered: 1 week ago

Question

★★★★★

After her employer transferred her to another town, Rosemary put her house up for sale. After two years of Internet listings, open houses, repairs, and price cuts, a buyer finally came along. By this...

Answered: 1 week ago

Question

★★★★★

24 (1 point) For a company with a net profit of $11,000 and $300,000 in total assets, what is the return on assets? 0.036% 9% 3.6% .36%

Answered: 1 week ago

Question

★★★★★

Poindexter received a 55 on a biology test ( = 50) and a 45 on a philosophy test ( = 50). He is considering whether to ask his two professors to curve the grades using z-scores. Does he want the Sx...

Answered: 1 week ago

Question

★★★★★

2. (6 points) In a sample of 821 households in Morocco, the volume of water consumed in a week was 334 liters with a standard deviation of 591 liters. Test that the average volume of water consumed...

Answered: 1 week ago

Question

★★★★★

Consider a company founded with 1m shares of common equity, split amongst the founders. A year later the company raises $5M of Series A funding at a $10M pre-money valuation. After the money has gone...

Answered: 1 week ago

Question

★★★★★

Your aunt's fasting sugar level is 130, so the doctor wants her to see a nutritionist to help her eat a more healthy diet. The mean blood sugar level is 84 with a standard deviation of 23. Interpret...

Answered: 1 week ago

Question

★★★★★

Your company estimates that 5% of this month's $100,000 Sales on account will eventually be written off. The entry should be: Debit Bad Debt Expense, $5,000; Credit Bad Debt Allowance, $5,000 Debit...

Answered: 1 week ago

Question

★★★★★

1. Why was data management so problematic at ARI? Automotive Resources International, better known as simply ARI, is the worlds largest privately-held company for vehicle fleet management services....

Answered: 1 week ago

Question

★★★★★

5-19 What is the total cost of ownership of technology assets and what are its cost components?

Answered: 1 week ago

Question

★★★★★

5-16 Compare the BYOD experiences of IBM and Intel. Why did BYOD at Intel work so well? Just about everyone who has a smartphone wants to be able to bring it to work and use it on the job. And why...

Answered: 1 week ago

Previous Question Next Question