Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Marigold Incorporated had average total assets in 2025 of $6339000. It reported sales for of $8214000 that year. Average liabilities for the year were $5197000.

Marigold Incorporated had average total assets in 2025 of $6339000. It reported sales for of $8214000 that year. Average liabilities for the year were $5197000. Net income for the year was $957189. What is Marigold' return on assets for 2025?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_step_2

Step: 3

blur-text-image_step3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions

Question

What are the limitations of forward markets?

Answered: 1 week ago

Question

d. How were you expected to contribute to family life?

Answered: 1 week ago