Use the following information for questions 80-81.
The following data was taken from the accounting records of Whalen Corporation:
-The return on assets for 2016 is
A) 15.6%.
B) 16.5%.
C) 17.4%.
D) 18.5%.

Question

Use the following information for questions 80-81.
The following data was taken from the accounting records of Whalen Corporation: 
-The return on assets for 2016 is
A) 15.6%. 
B) 16.5%. 
C) 17.4%. 
D) 18.5%.

Quizplus · Accepted Answer

The return on assets for 2016 is 15.6%. This is calculated by dividing the net income for the year by the average total assets for the year.

Use the Following Information for Questions 80-81