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Flingen Inc. reveals the following information in their annual report for FY 2018 Selected Income Statement Items: Sales $10,000,000 Cost of goods sold $5,000,000 Pretax
Flingen Inc. reveals the following information in their annual report for FY 2018
| Selected Income Statement Items: | |
| Sales | $10,000,000 |
| Cost of goods sold | $5,000,000 |
| Pretax earnings | $400,000 |
| Selected Balance Sheet Items: | |
| Merchandise inventory | $350,000 |
| Total assets | $2,000,000 |
What is Flingen's return on assets?
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The Wealthtech Book The FinTech Handbook For Investors Entrepreneurs And Finance Visionaries
Authors: Susanne Chishti, Thomas Puschmann
1st Edition
1119362156, 978-1119362159
