Question 13 Prior year Account Current year Net sales $219.000 $125,000 $180,000 $110.000 Cost of Goods...

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Answer 1

Answer #1

Return on Total Asset(ROTA) = Net Income ÷ Average Total Assets × 100

Therefore, ROTA = 25,000 ÷ ((325,500+345,500) ÷2) × 100

So, Return on Total Asset = (25,000 ÷ 335,500) × 100

= 0.074 × 100

=7.4% (Answer)

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Answer 2

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