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 TeraVines 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 TeraVines return on assets in 2014?
a. 2.6%
b. 9.0%
c. 28.6%
d. 3.6%
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Management And Cost Accounting
Authors: Charles T. Horngren, George Foster, Srikant M. Datar
3rd Edition
0273687514, 978-0273687511
