Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jul 19, 2024

Marino Company has provided the following information: 14 Net sales, $460,000 Net income, $32,000 Average total assets, $200,000 What Is Marino's return on assets ?

Marino Company has provided the following information: 14 Net sales, $460,000 Net income, $32,000 Average total assets, $200,000 What Is Marino's return on assets ? Multiple Choice 43% 16% 7% 64%

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access with AI-Powered Solutions

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

Step: 2

Step: 3

Ace Your Homework with AI

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

Get Started

Recommended Textbook for

Managerial Accounting

Authors: Ray Garrison, Eric Noreen, Peter Brewer

16th edition

1259307417, 978-1260153132, 1260153134, 978-1259307416

Students also viewed these Accounting questions

Question

Prove the following, which is a more general form of Markovs inequality than the one given in Proposition 4.11. Let X be a random variable that takes nonnegative values and for which E(Xk) exists for...

Answered: 1 week ago

Question

★★★★★

J&J Corporation had the following stock issued and outstanding at January 1, 2010. 1. 50,000 shares of $5 par common stock. 2. 5,000 shares of $100 par, 5 percent, noncumulative preferred stock. On...

Answered: 1 week ago

Question

★★★★★

Quad Enterprises is considering a new three-year expansion project that requires an initial fixed asset investment of $2.91 million. The fixed asset falls into the three-year MACRS class. The project...

Answered: 1 week ago

Question

★★★★★

A lady named Komal received a circular from Beauty Hair Salon. It had marketed massages and manicures for 40 dollars. Komal was shocked when she saw the deal. She recognized that it was a beneficial...

Answered: 1 week ago

Question

★★★★★

" 2.7 HW X + es/24606/assignments/509305 Megan is an industrial engineer for Coyner Cola Company. She takes a random sample of cola cans from the production line each day to determine if the product...

Answered: 1 week ago

Question

★★★★★

I need some help with question 8 of case 1. The book tilte is: Cases in Financial Management. Authors: John S Dunkelberg and Joseph M Sulock B. (a) Suppose Studebaker's goal is to accumulate $400,000...

Answered: 1 week ago

Question

★★★★★

Amy, the daughter of Amy's owners, believes that happiness does not come from money...she says it comes from meaning and purpose. If Amy's belief is based on her American culture, what ethical...

Answered: 1 week ago

Question

★★★★★

30. Question 30 Once every month, Adventure Works organizes a performance review meeting. This time, it's centered on the latest Microsoft Power BI reports you've crafted to understand market trends....

Answered: 1 week ago

Question

★★★★★

Explain what is meant by the "flaw of averages" when it comes to healthcare? How will "flaw of averages" influence our analytic approach in Healthcare? Provide a specific clinical or healthcare...

Answered: 1 week ago

Previous Question Next Question