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Rushing had net income of $192 million and average total assets of $1,950 million. Its return on assets (ROA) is. Multiple Choice 10.0% 1020% 9.8%

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Rushing had net income of $192 million and average total assets of $1,950 million. Its return on assets (ROA) is. Multiple Choice 10.0% 1020% 9.8% 19.7%. o 98.5% Use the following information as of December 31 to determine equity. Cash Buildings Equipment Liabilities $ 61,000 179,000 210,000 145,000 Multiple Choice $145,000 0 $450,000 O $595,000 $61,000 $305,000 A company's balance sheet shows: cash $50,000, accounts receivable $30,000, office equipment $64,000, and accounts payable $31,000. What is the amount of owner's equity? Multiple Choice $175,000 $31,000 $113,000 $43,000 $144,000 If a company receives $13,500 from the owner to establish a proprietorship, the effect on the accounting equation would be: Multiple Choice Liabilities increase $13,500 and equity decreases $13,500. Assets increase $13,500 and equity increases $13,500. Assets increase $13,500 and liabilities decrease $13,500. Assets decrease $13,500 and equity decreases $13,500. o Assets increase $13,500 and liabilities increase $13,500

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