Nerf Mania reports net income of $500,000,net sales of $4,000,000,and average assets of $2,000,000.The return on assets is:
A) 200%.
B) 25%.
C) 50%.
D) 12.5%.
Correct Answer:
Verified
Q111: Extraordinary items: Q112: The financial statements of a firm that Q113: Which of the following items is most Q115: Given the information below,what is the company's Q117: Popson Inc.incurred a material loss,which was not Q118: Which of the following is NOT an Q119: The financial statements of a firm that Q120: Nerf Mania reports net income of $500,000,net Q121: Paul Pierce Enterprises reports net income of Q142: Which of the following is a conservative![]()
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents