Chou Co has a net income of $44,000, assets at the beginning of the year are...

Question

Question

Answer 1

Answer #1

Return on assets is a profitability ratio which measures the efficiency of a company in generating returns using their assets.

Return on Assets = Net income/Average total assets

= 44,000/[(251,000+301,000)/2]

= 44,000/276,000

= 15.9%

Option E

Answer 2

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