The following information is available from the financial statements of Cosmotropolis:
$\begin{array} { l r r }
&\colorbox{#d7dce6}{2012} &\colorbox{#d7dce6}{2013} & \colorbox{#d7dce6}{2014} \
\text {Total assets, December} & \$ 3 4 1 , 5 8 5 & \$ 3 9 5 , 4 1 2 & \$ 9 2 2 , 3 5 7 \
\text{ Net income}&35,550 & 49,512 & 68,149 \end{array}$
What is Cosmotropolis' return on total assets for 2013?

Question

The following information is available from the financial statements of Cosmotropolis:
 $\begin{array} { l r r } 
&\colorbox{#d7dce6}{2012} &\colorbox{#d7dce6}{2013}  & \colorbox{#d7dce6}{2014} \
\text {Total assets, December} & \$ 3 4 1 , 5 8 5 &  \$ 3 9 5 , 4 1 2  & \$ 9 2 2 , 3 5 7  \ 
\text{ Net income}&35,550 & 49,512 & 68,149 \end{array}$ 
What is Cosmotropolis' return on total assets for 2013?

Quizplus · Accepted Answer

49,512/((341,585+395,412)/2) = 13.44 (rounded)

The Following Information Is Available from the Financial Statements of Cosmotropolis