Question
Consider the following financial information for LB Inc: 2019 2020 Total Assets $ 515 $ 625 Total Liabilities $ 320 $ 320 Sales $ 225
Consider the following financial information for LB Inc:
| 2019 | 2020 | |
| Total Assets | $ 515 | $ 625 |
| Total Liabilities | $ 320 | $ 320 |
| Sales | $ 225 | |
| Cost of Goods Sold | $ 75 | |
| Total Operating Expenses | $ 50 | |
| Net income | $ 65 |
Calculate LB Inc's return on assets for 2020.
A. 16.15%
B. 10.4%
C. 44.44%
D. 11.40%
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Clinical Audit In Palliative Care
Authors: Irene Higginson
1st Edition
1870905644, 978-1870905640
