Use the following information for questions: $$\begin{array} { l r l r }
\text { Revenues } & \$ 50,000 & \text { Beginning liabilities } & \$ 245,000 \
\text { Cost of goods sold } & 35,000 & \text { Ending assets } & 450,000 \
\text { Operating expenses } & 5,500 & \text { Ending liabilities } & 255,000 \
\text { Beginning assets } & 350,000 & &
\end{array}$$
-The return on assets is closest to:
A)2.1%
B)2.4%
C)3.75%
D)11.13%

Question

Use the following information for questions: $$\begin{array} { l r l r } 
\text { Revenues } & \$ 50,000 & \text { Beginning liabilities } & \$ 245,000 \
\text { Cost of goods sold } & 35,000 & \text { Ending assets } & 450,000 \
\text { Operating expenses } & 5,500 & \text { Ending liabilities } & 255,000 \
\text { Beginning assets } & 350,000 & &
\end{array}$$
-The return on assets is closest to:
A)2.1%
B)2.4%
C)3.75%
D)11.13%

Quizplus · Accepted Answer

The Answer of Use the following information for questions: $$\begin{array} { l r l r } 
\text { Revenues } & \$ 50,000 & \text { Beginning liabilities } & \$ 245,000 \
\text { Cost of goods sold } & 35,000 & \text { Ending assets } & 450,000 \
\text { Operating expenses } & 5,500 & \text { Ending liabilities } & 255,000 \
\text { Beginning assets } & 350,000 & &
\end{array}$$
-The return on assets is closest to:
A)2.1%
B)2.4%
C)3.75%
D)11.13%

Use the Following Information for Questions -The Return on Assets Is Closest To: A)2

Use the Following Information for Questions -The Return on Assets Is Closest To:
A)2