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Using the information below, calculate the Return on Assets ratio. 16 Account Name Sales Revenue Sales Discounts Wage Expense Interest Expense Cost of Goods Sold
Using the information below, calculate the Return on Assets ratio. 16 Account Name Sales Revenue Sales Discounts Wage Expense Interest Expense Cost of Goods Sold Bad Debt Expense Allowance for Doubtful Accounts Amount $170,000 $20,000 $16,000 $11,000 $66,000 $23,000 $3,000 Total assets at the beginning of the year: $81,000 Total assets at the end of the year: $107,000 0.574 0.290 0.330 0.505 0.362
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