The balance sheet of Colorado Ski Report total assets of $780,000 and $980000 at the begining and end of the year, respectively. The return on assets for the year is 17%.

Calculate Colorado Ski's net income for the year.

The balance sheet of Colorado Ski Resort reports total assets of $780,000 and $980,000 at the beginning and end of the year, respectively. The return on assets for the year is 17% Calculate Colorado Ski's net income for the year