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[The following information applies to the questions displayed below.] The comparative financial statements prepared at December 31, 2015, for Prince Company showed the following summarized
[The following information applies to the questions displayed below.]
The comparative financial statements prepared at December 31, 2015, for Prince Company showed the following summarized data: My only questions is how to find the return on assets. Please show steps. I know that return on assets is net income/ total assets, however the asnwers that I am getting are not correct. I have tried (12100/109100) and (12100/((109100+93000)/2)) but these are not the correct answers. Any help would be greatly appreciated. Thank you. |
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