able ets 75,000 20,000 45,000

College Accounting, Chapters 1-27 (New in Accounting from Heintz and Parry)
22nd Edition
ISBN:9781305666160
Author:James A. Heintz, Robert W. Parry
Publisher:James A. Heintz, Robert W. Parry
Chapter15: Financial Statements And Year-end Accounting For A Merchandising Business
Section: Chapter Questions
Problem 4CE
icon
Related questions
Question
Question
Current assets
Bank
Accounts receivable
Inventory
Non-current assets
Property, plant, and
equipment
75,000
20,000
45,000
100,000
Which amount will be used when
calculating return on total assets?
Select one:
a. £240,000
b. £175,000
c. £100,000
d. £140,000
The total equity amount used when
calculating return on equity includes
all equity of the business, such as
share capital and retained earnings.
Select one:
True
Transcribed Image Text:Current assets Bank Accounts receivable Inventory Non-current assets Property, plant, and equipment 75,000 20,000 45,000 100,000 Which amount will be used when calculating return on total assets? Select one: a. £240,000 b. £175,000 c. £100,000 d. £140,000 The total equity amount used when calculating return on equity includes all equity of the business, such as share capital and retained earnings. Select one: True
Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
College Accounting, Chapters 1-27 (New in Account…
College Accounting, Chapters 1-27 (New in Account…
Accounting
ISBN:
9781305666160
Author:
James A. Heintz, Robert W. Parry
Publisher:
Cengage Learning
College Accounting, Chapters 1-27
College Accounting, Chapters 1-27
Accounting
ISBN:
9781337794756
Author:
HEINTZ, James A.
Publisher:
Cengage Learning,
Survey of Accounting (Accounting I)
Survey of Accounting (Accounting I)
Accounting
ISBN:
9781305961883
Author:
Carl Warren
Publisher:
Cengage Learning
Principles of Accounting Volume 1
Principles of Accounting Volume 1
Accounting
ISBN:
9781947172685
Author:
OpenStax
Publisher:
OpenStax College