Chat with AI
Fundamental Accounting Principles 22th Edition by John Wild ,Ken Shaw,Barbara Chiappetta
Edition 22ISBN: 978-0077862275Fundamental Accounting Principles 22th Edition by John Wild ,Ken Shaw,Barbara Chiappetta
Edition 22ISBN: 978-0077862275 Exercise 94
Kyzera manufactures, markets, and sells cellular telephones. The average total assets for Kyzera is $250,000. In its most recent year, Kyzera reported net income of $65,000 on revenues of $475,000.
Required
1. What is Kyzera's return on assets
2. Does return on assets seem satisfactory for Kyzera given that its competitors average a 12% return on assets
3. What are total expenses for Kyzera in its most recent year
4. What is the average total amount of liabilities plus equity for Kyzera
Required
1. What is Kyzera's return on assets
2. Does return on assets seem satisfactory for Kyzera given that its competitors average a 12% return on assets
3. What are total expenses for Kyzera in its most recent year
4. What is the average total amount of liabilities plus equity for Kyzera
Explanation
Verified
Verified
Return on total assets
Assets are requi...
Fundamental Accounting Principles 22th Edition by John Wild ,Ken Shaw,Barbara Chiappetta
Why don’t you like this exercise?
Other Minimum 8 character and maximum 255 character
Character 255
