The following information pertains to Carlton Company. Assume that all balance sheet amounts represent both average and ending balance figures. Assume that all sales were on credit.
What is the rate earned on total assets for this company? Round your answer to one decimal point.
A) 8.5%
B) 6.8%
C) 10.3%
D) 13.3%

Question

The following information pertains to Carlton Company. Assume that all balance sheet amounts represent both average and ending balance figures. Assume that all sales were on credit. 
 What is the rate earned on total assets for this company? Round your answer to one decimal point.
A) 8.5% 
B) 6.8% 
C) 10.3% 
D) 13.3%

Quizplus · Accepted Answer

The Answer of The following information pertains to Carlton Company. Assume that all balance sheet amounts represent both average and ending balance figures. Assume that all sales were on credit. 
 What is the rate earned on total assets for this company? Round your answer to one decimal point.
A) 8.5% 
B) 6.8% 
C) 10.3% 
D) 13.3%

The Following Information Pertains to Carlton Company