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Debbie K. has recently invested in two companies in the hopes of generating a return on her investment. In comparing the financial results of Hill
Debbie K. has recently invested in two companies in the hopes of generating a return on her investment. In comparing the financial results of Hill Enterprise and Mountain Agency, Debbie has questions regarding how efficiently and effectively each is using the owned assets. A large amount of funds were used to acquire the assets and she would like to evaluate the results of those acquisitions. Key figures for each company are listed below. Accounts Hill Enterprise Mountain Agency Prior Year Asset Balance $ 690,000 $ 988,000 Current Year Asset Balance 810,000 1,050,000 Sales Revenue 900,000 1,200,000 Net Income 152,000 190,000 What is the the return on assets for Hill Enterprise? O 20.26% O 18.77% 16.89% 22.03%
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