Question
Use the following selected 2016 balance sheet and income statement information for Home Garden Supply Co. (in millions) to compute the return on assets to
Use the following selected 2016 balance sheet and income statement information for Home Garden Supply Co. (in millions) to compute the return on assets to the nearest hundredth.
| Net income | Gross profit on sales | Average total assets | Sales | Tax rate on operating profit |
| $69,960 | $700,400 | $360,600 | $1,356,504 | 35% |
|
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|
|
| A. | 26.58% | |
| B. | 5.16% | |
| C. | 19.40% | |
| D. | 17.30% |
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Occupational Fraud And Abuse
Authors: Joseph T. Wells
1st Edition
1889277088, 978-1889277080
