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The following data pertains to JKL Company for the year ended December 31, 2018. Net Sales 110,000 Net Income 27,500 Total Assets as of January
The following data pertains to JKL Company for the year ended December 31, 2018.
| Net Sales | 110,000 |
| Net Income | 27,500 |
| Total Assets as of January 1, 2018 | 320,000 |
| Total Assets as of December 31, 2018 | 310,000 |
Calculate the company's return on assets for 2018.
Return on Assets = __________%
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Financial Accounting An International Introduction
Authors: David Alexander
2nd Edition
9780273685203
