Assume Global Cleaning Service had net income of $570 for the year. Global Cleaning Service’s beginning and ending total assets were $4,520 and $4,180, respectively. Calculate Global Cleaning Service’s return on assets (ROA) for the year. a. 12.6% b. 13.6% c. 13.1% d. 7.63%
Assume Global Cleaning Service had net income of $570 for the year. Global Cleaning Service’s beginning and ending total assets were $4,520 and $4,180, respectively. Calculate Global Cleaning Service’s return on assets (ROA) for the year. a. 12.6% b. 13.6% c. 13.1% d. 7.63%
Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter1: The Role Of Accounting In Business
Section: Chapter Questions
Problem 1.3.7MBA: Return on assets The financial statements of The Hershey Company (HSY) are shown in Exhibits 6...
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Assume Global Cleaning Service had net income of $570 for the year. Global Cleaning Service’s beginning and ending total assets were $4,520 and $4,180, respectively. Calculate Global Cleaning Service’s return on assets (ROA) for the year.
a. 12.6%
b. 13.6%
c. 13.1%
d. 7.63%
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