Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Data World, Inc., reported sales revenue of $ 6 0 0 , 0 0 0 , net income of $ 3 6 , 0 0

Data World, Inc., reported sales revenue of $600,000, net income of $36,000, and average total assets of $300,000. Data World's return on assets is?
A.50.0%
B.12.0%
C.2%
D.6.0%

Step by Step Solution

There are 3 Steps involved in it

Step: 1

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

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

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

Get Started

Students also viewed these Accounting questions

Question

1. Let a, b R, a Answered: 1 week ago

Answered: 1 week ago