Harris Co. has a net income of $43,000, assets at the beginning of the year are $250,000 and assets at the end of the year are $300,000. Compute its return on assets.
A) 8.4%
B) 17.2%
C) 14.3%
D) 15.6%
E) 1.5%
Correct Answer:
Verified
Q141: The statement of cash flows reports all
Q142: Risk is:
A) Net income divided by average
Q143: The income statement reports all of the
Q144: Accounts payable appear on which of the
Q145: Nick's had income of $350 million and
Q147: The financial statement that shows the beginning
Q148: FastLane has net income of $18,955, and
Q149: A financial statement providing information that helps
Q150: The financial statement that reports whether the
Q151: A balance sheet or a statement of
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