Swifty Incorporated had average total assets in 2025 of $6343000. It reported sales for of $82090 that year. Average liabilities for the year were $5187000. Net income for the year was $964136. What is Swifty' return on assets for 2025? O 15.20% 18.59% O 11.74% 6.60%

Swifty Incorporated had average total assets in 2025 of $6343000. It reported sales for of $82090 that year. Average liabilities for the year were $5187000. Net income for the year was $964136. What is Swifty' return on assets for 2025? O 15.20% 18.59% O 11.74% 6.60%

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter12: Fainancial Statement Analysis

Section: Chapter Questions

Problem 54CE

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Question

Swifty Incorporated had average total assets in 2025 of $6343000. It reported sales for of $8209000
that year. Average liabilities for the year were $5187000. Net income for the year was $964136.
What is Swifty' return on assets for 2025?
O 15.20%
18.59%
O 11.74%
6.60%

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