Gulick Corporation's most recent income statement appears below:

The beginning balance of total assets was $320,000 and the ending balance was $280,000.
Required:
Compute the return on total assets.Show your work!

Question

Gulick Corporation's most recent income statement appears below: 
 
 The beginning balance of total assets was $320,000 and the ending balance was $280,000.
Required:
Compute the return on total assets.Show your work!

Quizplus · Accepted Answer

The Answer of Gulick Corporation's most recent income statement appears below: 
 
 The beginning balance of total assets was $320,000 and the ending balance was $280,000.
Required:
Compute the return on total assets.Show your work!

Gulick Corporation's Most Recent Income Statement Appears Below