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The following information is extracted from the 2019 and 2020 financial reports of Ali's Actuarial Services. 2019 2020 Cash at Bank 140,000 Account Receivables 150,000
The following information is extracted from the 2019 and 2020 financial reports of Ali's Actuarial Services. 2019 2020 Cash at Bank 140,000 Account Receivables 150,000 Land 700,000 Building 600,000 Accumulated depreciation - Building 220,000 Unearned revenue 132,000 Loan - 6 months 88,000 Cash at Bank 132,000 Account Receivables 121,000 Land 700,000 Building 600,000 Accumulated depreciation - Building 250,000 Unearned revenue 120,000 Loan - 6 months 78,000 Mortgage 250,000 Capital 855,000 Service revenue 202,000 Rent Expense 60,000 Wages Expense 38,000 300,000 Mortgage Capital Service revenue Rent Expense Wages Expense 748,000 196,000 58,000 36,000 a) (1 mark) Which of the following is the correct Return on Assets for the 2019 financial year? 10.80% 04.23% 05.25% O18.93% 07.45%
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