Return on total assets ratio: net income/ average total assets 21,331/(321,195+225,248)/2= 0.07807= 7.8% (2020 year) 11588/(162,648+225,248)/2= 0.059= 6.0% (2019 year) Write financial analysis report.

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 9.4.13P: Twenty metrics of liquidity, solvency, and profitability The comparative financial statements of...
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Return on total assets ratio: net income/ average total assets

21,331/(321,195+225,248)/2= 0.07807= 7.8% (2020 year)

11588/(162,648+225,248)/2= 0.059= 6.0% (2019 year)

Write financial analysis report. 

CARDWET
Keturn on total asset ratio - Net Income
Average Total Assets
-21331-0.07807
$21331
(4321,195+ $225,248
) 2
273,221
7.8%.
5/11588
1225,248+$ 162,648)÷2
1,588
193.948
0,05974
6.0%
Transcribed Image Text:CARDWET Keturn on total asset ratio - Net Income Average Total Assets -21331-0.07807 $21331 (4321,195+ $225,248 ) 2 273,221 7.8%. 5/11588 1225,248+$ 162,648)÷2 1,588 193.948 0,05974 6.0%
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