The following information pertains to Cheng Company. Assume that all statement of financial position amounts represent both average and ending balance figures. Assume that all sales were on credit. All amounts are in thousands except per share items. What is the return on assets for Cheng?
A) 6.8%
B) 10.5%
C) 8.1%
D) 16.1%

Question

The following information pertains to Cheng Company. Assume that all statement of financial position amounts represent both average and ending balance figures. Assume that all sales were on credit. All amounts are in thousands except per share items.   What is the return on assets for Cheng?
A) 6.8% 
B) 10.5% 
C) 8.1% 
D) 16.1%

Quizplus · Accepted Answer

The Answer of The following information pertains to Cheng Company. Assume that all statement of financial position amounts represent both average and ending balance figures. Assume that all sales were on credit. All amounts are in thousands except per share items.   What is the return on assets for Cheng?
A) 6.8% 
B) 10.5% 
C) 8.1% 
D) 16.1%

The Following Information Pertains to Cheng Company