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coomer co had net sales of 600000 net income of 35260 and average total assets of 680000 what is the return on total assets

2 Answers

5 votes

Answer:

coomer heehee

Step-by-step explanation:

User Akash Nil
by
4.7k points
2 votes

Answer:Return on Total assets ==5.19%

Step-by-step explanation:

Return on Total assets shows one the idea of the profitability of a company's assets in generating revenue before interest and taxes. it is expressed in percentage and its formula is given as

Return on Assets = Net Income (Earning before interest and taxes) / Average total assets

= 35,260/ 680,000 = 0.05185 x 100

=5.19%

User EvanK
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