Question
Zander Inc.'s total assets at the beginning of the year amount to $328,497,000, and its total assets at the end of the year amount to
Zander Inc.'s total assets at the beginning of the year amount to $328,497,000, and its total assets at the end of the year amount to $321,389,000. If its return on assets for the year is 20%, then its net income for the year is _____.
a.$129,977,200
b.$64,988,600
c.$65,699,400
d.$64,277,800
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Financial Accounting An Integrated Statements Approach
Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren
2nd Edition
324312113, 978-0324312119
