Question
Net income $170,000 Preferred Dividends 24,000 Interest Expense 17,500 Beginning of year: Total Assets 900,000 Total liabilities 375,000 Total common stockholders' equity 395,000 End of
Net income $170,000
Preferred Dividends 24,000
Interest Expense 17,500
Beginning of year:
Total Assets 900,000
Total liabilities 375,000
Total common stockholders' equity 395,000
End of year:
Total Assets 930,000
Total liabilities 405,000
Total common stockholders' equity 435,000
The return on assets is:
Group of answer choices
a. 20.5%
b. 19.2%
c. 17.5%
d. 16.8%
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Financial and Managerial Accounting
Authors: Horngren, Harrison, Oliver
3rd Edition
978-0132497992, 132913771, 132497972, 132497999, 9780132913775, 978-0132497978
