River Corp's total assets at the end of last year were $320,000 and its net income was $32,750.What was its return on total assets?
A) 8.90%
B) 8.70%
C) 10.23%
D) 7.68%
E) 9.72%

Name: River Corp's total assets at the end of last year were $320,000 and its net income was $32,750.What was its return on total assets? A) 8.90% B) 8.70% C) 10.23% D) 7.68% E) 9.72%
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Question

Quizplus · Accepted Answer

Return on total assets = (Net Income / Total Assets) × 100%
Return on total assets = (32,750 / 320,000) × 100%
Return on total assets = 10.23%

River Corp's Total Assets at the End of Last Year