The net income for the year was $720,000; total assets at the beginning of the year was $2,100,000; and total year-end assets were $2,300,000. The return on assets would be:
A) 0.011.
B) 0.031.
C) 0.112.
D) 0.327.

Question

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The Answer of The net income for the year was $720,000; total assets at the beginning of the year was $2,100,000; and total year-end assets were $2,300,000. The return on assets would be:
A) 0.011.
B) 0.031.
C) 0.112.
D) 0.327.

The Net Income for the Year Was $720,000; Total Assets