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From the information provided below, management of an entity calculate the return on assets (rounded to the nearest whole number) to be: Net profit after-tax
From the information provided below, management of an entity calculate the return on assets (rounded to the nearest whole number) to be:
Net profit after-tax | $109 000 |
Net profit before interest and tax | 152 000 |
Beginning balance of total assets | 620 000 |
Ending balance of total assets | 840 000 |
Select one:
a. 15%
b. 18%
c. 21%
d. 13%
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