Text World, Inc., reported sales revenue of $450,000, net income of $54,000, andaverage total assets of $360,000. Text World’s return on assets isa. 12.0%.b. 1.25%.c. 15.0%.d. 80.0%.

Intermediate Financial Management (MindTap Course List)
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Author:Eugene F. Brigham, Phillip R. Daves
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Chapter7: Analysis Of Financial Statements
Section: Chapter Questions
Problem 12P: The Kretovich Company had a quick ratio of 1.4, a current ratio of 3.0, a days’ sales outstanding of...
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Text World, Inc., reported sales revenue of $450,000, net income of $54,000, and
average total assets of $360,000. Text World’s return on assets is
a. 12.0%.
b. 1.25%.
c. 15.0%.
d. 80.0%.

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