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O Ratio Calculations Select the images below to enlarge. Balance Sheet Murawski Company Balance Sheet December 31 Current Assets Investments Cash and cash equivalents Accounts receivable (net) Inventory Prepaid expenses Total current assets Property, plant, and equipment Intangibles and other assets Total assets Current liabilities 2022 $330 470 460 120 1,380 2021 $360 400 390 160 1,310 10 10 420 380 530 510 $2.340 $2.210 $900 410 $790 Long-term liabilities 380 Stockholder's equity-common 1.030 1,040 Total liabilities and stockholder's equity $2,340 $2,210 Income Statement Calculate the 2022 Return on Assets ratio. Use whole numbers rounded to 2 decimal places, if needed, as seen in the example below. 1500 294 Example ÷ 800 = 1.88 Return on Assets 2022 11 Click the check mark to check your answers. Fields with incorrect responses will be removed so you can try again. %

O Ratio Calculations Select the images below to enlarge. Balance Sheet Murawski Company Balance Sheet December 31 Current Assets Investments Cash and cash equivalents Accounts receivable (net) Inventory Prepaid expenses Total current assets Property, plant, and equipment Intangibles and other assets Total assets Current liabilities 2022 $330 470 460 120 1,380 2021 $360 400 390 160 1,310 10 10 420 380 530 510 $2.340 $2.210 $900 410 $790 Long-term liabilities 380 Stockholder's equity-common 1.030 1,040 Total liabilities and stockholder's equity $2,340 $2,210 Income Statement Calculate the 2022 Return on Assets ratio. Use whole numbers rounded to 2 decimal places, if needed, as seen in the example below. 1500 294 Example ÷ 800 = 1.88 Return on Assets 2022 11 Click the check mark to check your answers. Fields with incorrect responses will be removed so you can try again. %

Survey of Accounting (Accounting I)
Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter9: Metric-analysis Of Financial Statements
Section: Chapter Questions
Problem 9.17E: Profitability metrics The following selected data were taken from the financial statements of The...
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X 18849 HCS/380: Week 4 - Ratio Ca X O Ratio Calculations Select the images below to enlarge. Balance Sheet Murawski Company Balance Sheet December 31 Current Assets Investments Cash and cash equivalents Accounts receivable (net) Inventory Prepaid expenses Total current assets Property, plant, and equipment Intangibles and other assets Total assets 2022 Current liabilities 2021 $330 470 460 120 $360 400 390 160 1,380 1,310 10 10 420 380 530 510 $2.340 $2,210 $790 $900 410 380 Long-term liabilities Stockholder's equity-common 1.030 1,040 Total liabilities and stockholder's equity $2,340 $2,210 Income Statement Corporate Fraud - Overview, X 1500 Calculate the 2022 Return on Assets ratio. Use whole numbers rounded to 2 decimal places, if needed, as seen in the example below. 294 =÷ Example 800 ÷ = Return on Assets 2022 x | | + = 1.88 V Click the check mark to check your answers. Fields with incorrect responses will be removed so you can try again. %
Transcribed Image Text:X 18849 HCS/380: Week 4 - Ratio Ca X O Ratio Calculations Select the images below to enlarge. Balance Sheet Murawski Company Balance Sheet December 31 Current Assets Investments Cash and cash equivalents Accounts receivable (net) Inventory Prepaid expenses Total current assets Property, plant, and equipment Intangibles and other assets Total assets 2022 Current liabilities 2021 $330 470 460 120 $360 400 390 160 1,380 1,310 10 10 420 380 530 510 $2.340 $2,210 $790 $900 410 380 Long-term liabilities Stockholder's equity-common 1.030 1,040 Total liabilities and stockholder's equity $2,340 $2,210 Income Statement Corporate Fraud - Overview, X 1500 Calculate the 2022 Return on Assets ratio. Use whole numbers rounded to 2 decimal places, if needed, as seen in the example below. 294 =÷ Example 800 ÷ = Return on Assets 2022 x | | + = 1.88 V Click the check mark to check your answers. Fields with incorrect responses will be removed so you can try again. %
Expert Solution
Step 1: Explain return on assets

Return on investment is a ratio that indicates the profitability of the firm with respect to assets. It indicates the profit earned by the company for each dollar invested in the assets. The ratio is very useful in assessing the profitability of the company and comparing the same with its peers.

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