Answered: Amir Company’s net income and net sales…

Amir Company’s net income and net sales are $18,000 and $1,100,000, respectively,and average total assets are $100,000. What is Amir’s return on assets?a. 20.0%b. 18.0%c. 3.7%d. 7.0%

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

Amir Company’s net income and net sales are $18,000 and $1,100,000, respectively,
and average total assets are $100,000. What is Amir’s return on assets?
a. 20.0%
b. 18.0%
c. 3.7%
d. 7.0%

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