The following data were taken from the financial statements of Howard Corporation for the year ended December 31, 2014: Net sales .................................................... $120,000 Net income ..................................................... 30,000 Total assets, January 1, 2014 ..................... 400,000 Total assets, December 31, 2014 .............. 600,000 What was Howard's rate of return on assets for 2014? Group of answer choices 6 percent 20 percent 5 percent 24 percent

The following data were taken from the financial statements of Howard Corporation for the year ended December 31, 2014: Net sales .................................................... $120,000 Net income ..................................................... 30,000 Total assets, January 1, 2014 ..................... 400,000 Total assets, December 31, 2014 .............. 600,000 What was Howard's rate of return on assets for 2014? Group of answer choices 6 percent 20 percent 5 percent 24 percent

Name: The following data were taken from the financial statements of Howard
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Description: The following data were taken from the financial statements of Howard Corporation for the year ended December 31, 2014:Net sales .................................................... $120,000Net income .................................................

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter24: Analysis Of Financial Statements

Section: Chapter Questions

Problem 3SEB

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