Use this balance sheet and income statement to answer the following question.Use ending balances whenever average balances are required for computing ratios. The return on assets for National Textile is
A)30 percent.
B)150 percent.
C)33-1/3 percent.
D)24 percent.

Question

Use this balance sheet and income statement to answer the following question.Use ending balances whenever average balances are required for computing ratios.   The return on assets for National Textile is
A)30 percent. 
B)150 percent. 
C)33-1/3 percent. 
D)24 percent.

Quizplus · Accepted Answer

The Answer of Use this balance sheet and income statement to answer the following question.Use ending balances whenever average balances are required for computing ratios.   The return on assets for National Textile is
A)30 percent. 
B)150 percent. 
C)33-1/3 percent. 
D)24 percent.

Use This Balance Sheet and Income Statement to Answer the Following