Question
The following amounts were taken from the financial statements of Concord Company: 2020 2019 Total assets $620000 $780000 Net sales 720000 660000 Gross profit 450000
The following amounts were taken from the financial statements of Concord Company:
| 2020 | 2019 | |
|---|---|---|
| Total assets | $620000 | $780000 |
| Net sales | 720000 | 660000 |
| Gross profit | 450000 | 260000 |
| Net income | 105000 | 110000 |
| Weighted average number of common shares outstanding | 60000 | 60000 |
| Market price of common stock | $46 | $39 |
The return on assets for 2020 is
15.00%.
13.46%.
7.50%.
16.94%.
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Cost Accounting A Managerial Emphasis
Authors: Srikant M. Datar, Madhav V. Rajan, Charles T. Horngren, Louis Beaubien, Chris Graham
7th Canadian Edition
133138445, 978-0133926330, 133926338, 978-0133138443
