Question

Please fill in the 2 blanks from requirement 5 with the data given.

Wonder Wilderness Company is a service-based company that rents canoes for use on local lakes and rivers. 10 years ago. They both worked for one of the "Big Four" accounting firms and became CPAS. Because they E business that will combine their love of outdoor activities with their business knowledge. Ashley and Zain decic Wonder Wilderness Company, or WWC for short. The business began operations on November 1, 2018. 1 (Click the icon to view the transactions.) Read the requirements. Wonder Wilderness Company Income Statement Month Ended November 30, 2018 Revenues: Canoe Rental Revenue 5,300 Expenses: Rent Expense 900 Utilities Expense 200 Wages Expense 1,600 Telephone Expense 130 Total Expenses 2,830 2,470 Net Income Choose from any list or enter any number in the input fields and then click Check Answer. %24

Answer 1

Refer a below image for the above asked question to find out Return on Assets.

solution : for Requirement o e wonder wilderness calculate company the for return on assets November 2018 income Return on Assets Net = X100 Assets Average total $ 2470 $25800 9.57% = ALL ROA = 9.6% (nearest tenth) Therefore & total Assets = $25800 Average ROA -4.61 will be taken as Average Note) - closing total total Assets assets .