Principles of Accounting Volume 2
Principles of Accounting Volume 2
19th Edition
ISBN: 9781947172609
Author: OpenStax
Publisher: OpenStax College
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Firoz

Firoz Company reported a net income of $16,700 on
gross
sales of $80,000. The company has average total
assets of $115,200 of which $100,000 is property,
plant, and equipment. What is the company's return
on investment?
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Transcribed Image Text:Firoz Company reported a net income of $16,700 on gross sales of $80,000. The company has average total assets of $115,200 of which $100,000 is property, plant, and equipment. What is the company's return on investment?
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Principles of Accounting Volume 2
Accounting
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax College