At the beginning of the year, Cook Company had total assets of $700,000 and at the end of the year, its total assets were $800,000. Cook's net sales for the year were $1,000,000 and its net income was $60,000.
Cook's return on assets for the year is:

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The Answer of At the beginning of the year, Cook Company had total assets of $700,000 and at the end of the year, its total assets were $800,000. Cook's net sales for the year were $1,000,000 and its net income was $60,000.
Cook's return on assets for the year is:

At the Beginning of the Year, Cook Company Had Total