The Kingwood Company reported net income of $200,000 and average total assets of $2,025,000. Calculate the company’s return on assets. (Round to one decimal.) Answer%

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 1.4.1MBA: Return on assets The following data (in millions) were adapted from recent financial statements of...
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The Kingwood Company reported net income of $200,000 and average total assets of $2,025,000.

Calculate the company’s return on assets. (Round to one decimal.) Answer%

 
 

 

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