Jester Corporation's most recent income statement appears below: The beginning balance of total assets was $360,000 and the ending balance was $320,000. The return on total assets is closest to:
A) 26.5%
B) 18.5%
C) 22.6%
D) 32.4%

Question

Jester Corporation's most recent income statement appears below:  The beginning balance of total assets was $360,000 and the ending balance was $320,000. The return on total assets is closest to:
A) 26.5% 
B) 18.5% 
C) 22.6% 
D) 32.4%

Quizplus · Accepted Answer

The Answer of Jester Corporation's most recent income statement appears below:  The beginning balance of total assets was $360,000 and the ending balance was $320,000. The return on total assets is closest to:
A) 26.5% 
B) 18.5% 
C) 22.6% 
D) 32.4%

Jester Corporation's Most Recent Income Statement Appears Below: the Beginning