Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Oct 22, 2020

Company's net income and net sales are $ 18,000 and $ 11,00,000, respectively, and the average total assets are $ 100, 000 what is Amir's

Company\'s net income and net sales are $ 18,000 and $ 11,00,000, respectively, and the average total assets are $ 100, 000 what is Amir\'s return on assets?

Step by Step Solution

★★★★★

3.39 Rating (155 Votes )

There are 3 Steps involved in it

Step: 1

Return on as... blur-text-image

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 Accounting

Authors: C. William Thomas, Wendy M. Tietz, Walter T. Harrison Jr.

12th edition

134725980, 9780134726656 , 978-0134725987

More Books

Students also viewed these Accounting questions

Question

★★★★★

20) Task ABUAEF D GHID J For the following tasks Duration 5 7 2 +650 12 4 3 6 4 5 Predecessor ABCDE C G F.H H Successor BU C D.G EEH E F I H I H J Constraints B overlaps A by 3 days. 3 days...

Answered: 1 week ago

Question

★★★★★

Company S has 4,000 shares outstanding and a total stockholders equity of $200,000. It is about to issue 6,000 new shares to the prospective parent company. The shares will be sold for a total of...

Answered: 1 week ago

Question

★★★★★

Return to a. Sales for March total 25,000 units. Forecasted sales in units are as follows. April, 25,000; May, 17,000; June, 22,400; and July. 25,000. Sales of 259,000 units are forecasted for the...

Answered: 1 week ago

Question

★★★★★

Pierce Phones is considering the introduction of a new model of headphone whose selling price is $18 per unit and whose variable expense is $15 per unit. The company's monthly fixed expense is...

Answered: 1 week ago

Question

★★★★★

Propose structures for compounds X, Y, and Z: The 1H NMR spectrum of X gives two signals, a multiplet at Î´ 7.3 (5H) and a singlet at Î´ 4.25 (2H); the 680-840-cm-1 region of...

Answered: 1 week ago

Question

★★★★★

Elmdale Company is considering an investment that will return a lump sum of $750,000 five years from now. What amount should Elmdale Company pay for this investment to earn a 9% return?

Answered: 1 week ago

Question

★★★★★

4. Set up a policy about class dismissal. Many teachers require students to be in their seats and quiet before they can leave at the end of class. The teacher, not the bell, dismisses class.

Answered: 1 week ago

Question

★★★★★

Male Color Blindness When conducting research on color blindness in males, a researcher forms random groups with five males in each group. The random variable x is the number of males in the group...

Answered: 1 week ago

Question

★★★★★

At 5 . 8 percent interest, how long does it take to double your money? ( Do not round intermediate calculations and round your answer to 2 decimal places, e . g . , 3 2 . 1 6 . ) Length of time years...

Answered: 1 week ago

Question

★★★★★

with the below question There is no data set for this question. Assume the mean kilojoule content of a fast food meal is 2,000 KJ, and that the associated standard deviation is 220 KJ. The researcher...

Answered: 1 week ago

Question

★★★★★

After flawlessly answering the previous questions you have been fast tracked for another promotion. You truly are a superstar with the company. All your hard work while attending Yorkville University...

Answered: 1 week ago

Question

★★★★★

Michelle Walker is the sole owner of Sandhill Vista Park, a public camping ground near the Crater Lake National Recreation Area. Michelle has compiled the following financial information as of...

Answered: 1 week ago

Question

★★★★★

The chart of accounts used by Notwist Copy Company is listed below. You are to indicate the proper accounts to be debited and credited for the following transactions. CHART OF ACCOUNTS Cash Accounts...

Answered: 1 week ago

Question

★★★★★

To influence the way in which managers make decisions within organisations, which of the following approaches should be adopted?" Performance measurement system. Reward structure. Performance...

Answered: 1 week ago

Question

★★★★★

Tutorial 10: Real Trigonometric Integrals Using a suitable contour integral, evaluate the following trigonometric integrals. 2T 2T 1. S cos 30 de 2. 5 - 4 cos 0 So 4 de 5+4 sin 0 2T 2T de de 4. 3. 2...

Answered: 1 week ago

Question

★★★★★

Personal Relationship O Criminal Intent Q.13. What type of Workplace Violence does this scenario match? Scenario: An Emergency Department patient kicks the attending doctor in the chest...

Answered: 1 week ago

Question

★★★★★

If a customer makes new deposits of $10,000 to a bank and the reserve requirement is 15%, then excess reserves will be: Select one: a. $1,500 b. $8,500 c. $10,000 d. none of the above Question 12 In...

Answered: 1 week ago

Question

★★★★★

What are some of the features of the Unified Process (UP)?

Answered: 1 week ago

Question

★★★★★

Becker Supply, Inc., opened an office in White Bear Lake, Minnesota. Becker incurred the following costs in acquiring land, making land improvements, and constructing and furnishing the new sales...

Answered: 1 week ago

Question

★★★★★

Prepare a comparative common-size income statement for Norman Music Co., using the 2018 and 2017 data of E12-16A and rounding to four decimal places. Data from E12-16A Prepare a horizontal analysis...

Answered: 1 week ago

Question

★★★★★

Evansville Furniture Company has asked you to determine whether the companys ability to pay its current liabilities and long-term debts improved or deteriorated during 2018. To answer this question,...

Answered: 1 week ago

Question

★★★★★

T F Some psychologists have been trained to prescribe drugs. (p. 67)

Answered: 1 week ago

Question

★★★★★

2.5 Describe the sociocultural perspective and evaluate its importance in understanding abnormal behavior.

Answered: 1 week ago

Question

★★★★★

T F According to a leading cognitive theorist, peoples beliefs about their life experiences cause their emotional problems, not the experiences themselves. (p. 59)

Answered: 1 week ago

Previous Question Next Question