Question
Moon Shoe Factory is an investment center and is responsible for all of their net income and the use of their assets. In 2012, the
Moon Shoe Factory is an investment center and is responsible for all of their net income and the use of their assets. In 2012, the invested assets totaled $475,000 and net income was $125,000. What is the rate of return on assets?
| A. | 25.0% | |
| B. | 380.0% | |
| C. | 26.3% | |
| D. | 4.0% |
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IT Audit In China
Authors: LIU Ruzhuo
1st Edition
981428145X, 978-9814281454
