A company that reports segment information had average total assets of $1,522,450 and total net income of $590,700.Segment A had average total assets of $927,800 and segment operating income of $298,300.Segment B had average assets of $594,650 and segment operating income of $292,400.The segment return on assets for Segment B is:
A)60.9%.
B)32.2%.
C)50.5%.
D)38.8%.
E)49.2%.

Question

Quizplus · Accepted Answer

The Answer of A company that reports segment information had average total assets of $1,522,450 and total net income of $590,700.Segment A had average total assets of $927,800 and segment operating income of $298,300.Segment B had average assets of $594,650 and segment operating income of $292,400.The segment return on assets for Segment B is:
A)60.9%.
B)32.2%.
C)50.5%.
D)38.8%.
E)49.2%.

A Company That Reports Segment Information Had Average Total Assets