Question
Speedy has net income of $28,955, and assets at the beginning of the year of $210,000. Assets at the end of the year total $256,000.
Speedy has net income of $28,955, and assets at the beginning of the year of $210,000. Assets at the end of the year total $256,000. Compute its return on assets.
A.) 11.3%
B) 12.4%
C) 13.8%
D) 10.8%
E) 16.1 %
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Principles Of Food Beverage And Labor Cost Controls
Authors: Paul R. Dittmer, Gerald G. Griffin
6th Edition
0471293253, 978-0471293255
