Question
During 2014, TeraVine had an asset turnover ratio of 3.5 times with sales totaling $980,000. Net income was $25,200. How much is TeraVine's return on
During 2014, TeraVine had an asset turnover ratio of 3.5 times with sales totaling $980,000. Net income was $25,200. How much is TeraVine's return on assets in 2014?
a. 2.6%
b. 9.0%
c. 28.6%
d. 3.6%
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College Accounting Chapters 1-30
Authors: John Price, M. David Haddock, Michael Farina
15th edition
1259994975, 125999497X, 1259631117, 978-1259631115
