Chou Co.has a net income of $43,000,assets at the beginning of the year are $250,000 and assets at the end of the year are $300,000.Compute its return on assets.
A)8.4%
B)17.2%
C)14.3%
D)15.6%
E)1.5%

Question

Quizplus · Accepted Answer

The Answer of Chou Co.has a net income of $43,000,assets at the beginning of the year are $250,000 and assets at the end of the year are $300,000.Compute its return on assets.
A)8.4%
B)17.2%
C)14.3%
D)15.6%
E)1.5%

Chou Cohas a Net Income of $43,000,assets at the Beginning of of the Year