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Presented below are the income statement accounts for Blanket Corp for the period ending December 31, 2022 as well as selected balance sheet figures
Presented below are the income statement accounts for Blanket Corp for the period ending December 31, 2022 as well as selected balance sheet figures as at December 31, 2022. What is Blanket Corp's Return on Assets (ROA) for 2022? Sales 500,000 Cost of goods sold 275,000 Rent expense 75,000 Salaries expense 80,000 Depreciation expense 10,000 Income tax expense 25,000 Total assets, Jan 1, 2022 171,000 Total assets, Dec 31, 2022 221,000 15.84% 17.86% 114.80% 255.10%
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