Montgomery Corporation's most recent income statement appears below:
The beginning balance of total assets was $720,000 and the ending balance was $730,000. The return on total assets is closest to:
A) 17.4%
B) 21.2%
C) 24.8%
D) 30.3%

Question

Montgomery Corporation's most recent income statement appears below: 
The beginning balance of total assets was $720,000 and the ending balance was $730,000. The return on total assets is closest to:
A) 17.4% 
B) 21.2% 
C) 24.8% 
D) 30.3%

Quizplus · Accepted Answer

The Answer of Montgomery Corporation's most recent income statement appears below: 
The beginning balance of total assets was $720,000 and the ending balance was $730,000. The return on total assets is closest to:
A) 17.4% 
B) 21.2% 
C) 24.8% 
D) 30.3%

Montgomery Corporation's Most Recent Income Statement Appears Below