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The following is selected data for allied industries Allied Industries 2014 2013 Sales $1,642,000 $1,743,000 Net Income $173,000 $191,000 Total Current Assets $177,000 $163,000 Property,
The following is selected data for allied industries
| Allied Industries | 2014 | 2013 |
| Sales | $1,642,000 | $1,743,000 |
| Net Income | $173,000 | $191,000 |
| Total Current Assets | $177,000 | $163,000 |
| Property, Plant, and Equipment | $724,000 | $644,000 |
What is the return on assets (rounded to the nearest tenth of a percent for 2014?
a) 19.20
b) 25.30
c) 23.9
d) 20.3
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Financial Accounting
Authors: Anne Britton, Chris Waterston
4th Edition
0273703609, 978-0273703600
