Question
Industrial Medical Supply has net sales of$1,200,000, net income of$85,000, average current assets of$53,000, average fixed assets of$184,000, and average total assets of$237,000. Industrial MedicalSupply's
Industrial Medical Supply has net sales of$1,200,000, net income of$85,000, average current assets of$53,000, average fixed assets of$184,000, and average total assets of$237,000. Industrial MedicalSupply's return on assetsis:
A. 7.1%. B. 160.4%. C. 35.9%. D. 46.2%.
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Corporate Financial Accounting
Authors: Carl S. Warren, James M. Reeve, Jonathan E. Duchac
12th edition
1305041399, 1285078586, 978-1-133-9524, 9781133952428, 978-1305041394, 9781285078588, 1-133-95241-0, 978-1133952411
