Question
Parkinson Company provides the following financial data: Income from operations $200,000 Interest expense $45,000 Gains/(losses) on sale of equipmen t ($2,500) Net income $152,500 Total
Parkinson Company provides the following financial data:
Income from operations $200,000
Interest expense $45,000 Gains/(losses) on sale of equipment ($2,500)
Net income $152,500
Total assets at Jan 1 $2,600,000
Total assets at Dec 31 $3,200,000
How much is the return on investment? A) 7.2% B) 6.3% C) 6.9% D) 5.3%
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Capex A Knowledge Based Expert System For Substantive Audit Planning
Authors: J. Efrim Boritz, Anthony K. P. Wensley
1st Edition
1558760563, 978-1558760561
