Question
The Balance Sheet is an important tool for analyzing an organization, as it shows the situation of the assets of a given company at a
The Balance Sheet is an important tool for analyzing an organization, as it shows the situation of the assets of a given company at a given time. To solve the exercise, you must assemble the Balance Sheet, using the data below. Then respond to what is asked.
| bills | money |
| salary to pay | 125.000 |
| provision for doubtful accounts | 11.000 |
| short term loan | 180.000 |
| customers | 220.000 |
| vehicle depreciacion | 300.000 |
| accumulated losses | 127.000 |
| cash in hand | 12.000 |
| long term loan | 565.000 |
| share capital | 620.000 |
| properties | 3.150.000 |
| long term financing | 2.680.000 |
| banks | 27.000 |
| suppliers | 620.000 |
| vehicles | 1.200.000 |
| intangible assets | 350.000 |
Considering the data presented, assuming that the company presented a net profit of 85,000.00 in the current year, according to data that we extracted from the Income Statement for the year, indicate the value of the Return on Assets for the period:
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Fundamentals Of Accounting Course 2
Authors: Claudia B. Gilbertson
9th Edition
053844827X, 9780538448277
