FREE Trial S
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

River Corp's total assets at the end of last year were $415,000 and its net income was $32,750. What was its return on total assets?

River Corp's total assets at the end of last year were $415,000 and its net income was $32,750. What was its return on total assets? A. 7.89% B. 8.29% C. 8.70% D. 9.14% E. 9.59%

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

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

Step: 2

blur-text-image

Step: 3

blur-text-image

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

Financial Management In The Public Sector Tools Applications And Cases

Financial Management In The Public Sector Tools Applications And Cases

Authors: Xiaohu Wang

1st Edition

ISBN: 0765616785, 9780765616784

More Books

Students also viewed these Finance questions

Question

★★★★★
Consider the diet problem of Example 12.3. Let = 0.99, ul = 2, uh = 1, yi = 1/180 for all i, and w = 140. Suppose that initial weight in the first period is 200. How high does need to be before the...

Answered: 1 week ago

Question

★★★★★
\(525^{\circ} \mathrm{F}=\) _____________ \({ }^{\circ} \mathrm{F}\) Convert the temperatures to the nearest degree.

Answered: 1 week ago

Question

★★★★★
The minimal cut sets are {1, 2, 3}, {2, 3, 4}, and {3, 5}. What are the minimal path sets?

Answered: 1 week ago

Question

★★★★★
List the major influences on business buyer behavior. Why is it important for the B-to-B marketer to understand these major influences?

Answered: 1 week ago

Question

★★★★★
The general ledger of the Karlin Company, a consulting company, at January 1, 2021, contained the following account balances: points Skipped Account Title Cash Accounts receivable Equipment...

Answered: 1 week ago

Question

★★★★★
Suppose that the input is 1 20 35 15 28 6 -1. What is the output of the following code? sum = int(input("Enter sum: ")) !3! count = int(input("Enter count: ") !! while count

Answered: 1 week ago

Question

★★★★★
The balance in the prepaid rent account before adjustment at the end of the year is $15,000, which represents five months' rent paid on December 1. The adjusting entry required on December 31 is...

Answered: 1 week ago

Question

★★★★★
What are some benefits of social networking? Select all that apply. Responses can introduce you to potential romantic partners can introduce you to potential romantic partners a boss may hear about...

Answered: 1 week ago

Question

★★★★★
Fortes Inc. has provided the following data concerning one of the products in its standard cost system. Variable manufacturing overhead is applied to products on the basis of direct labor-hours....

Answered: 1 week ago

Question

★★★★★
Why are the liabilities and shareholders equity accounts represented as negative on the consolidated balance sheet? LO 2-7 Prepare a worksheet to consolidate the accounts of two companies that form...

Answered: 1 week ago

Question

★★★★★
In 3-5 sentences, list your favorite tool from the course lean six sigma green belt and how it could be applied in a real-life situation.

Answered: 1 week ago

Question

★★★★★
Describe the disciplinary action process.

Answered: 1 week ago

Question

★★★★★
Describe transfers, promotions, resignations, and retirements as factors involved in internal employee relations.

Answered: 1 week ago

Question

★★★★★
Explain the use of compensation surveys for job pricing and determining market competitive pay structures.

Answered: 1 week ago

Previous QuestionNext Question