Question
The following data pertains to Chill Company for the year ended December 31, 2019. Net Sales $69,000 Net Income $10,350 Total Assets (January 1, 2019)
The following data pertains to Chill Company for the year ended December 31, 2019.
| Net Sales | $69,000 |
| Net Income | $10,350 |
| Total Assets (January 1, 2019) | $253,000 |
| Total Assets (December 31, 2019) | $259,000 |
Calculate Chill Company's return on assets for 2019.
Do not enter dollar signs or commas in the input boxes. Round your answer to 2 decimal places.
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Managerial Accounting
Authors: Ray H. Garrison, Eric W. Noreen, Peter C. Brewer
13th Edition
978-0073379616, 73379611, 978-0697789938
