Blaise Corporation has net income of $187,000,net sales of $1,496,000 and average total assets of $1,040,000.Its return on total assets was:
A) 18.0%.
B) 144.0%.
C) 12.5%.
D) 556.1%.
E) 69.5%.

Name: Blaise Corporation has net income of $187,000,net sales of $1,496,000 and average total assets of $1,040,000.Its return on total assets was: A) 18.0%. B) 144.0%. C) 12.5%. D) 556.1%. E) 69.5%.
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Question

Quizplus · Accepted Answer

Return on total assets = Net income / Average total assets= $187,000 / $1,040,000= 18%

Blaise Corporation Has Net Income of $187,000,net Sales of $1,496,000