The following information is provided for Fremont Inc. and Morgan Group: Fremont Inc. Morgan Group (in $ millions) Net income 2018 $250 $500 Net sales 2018 2,000 5,000 Total assets 12/31/16 1,300 2,800 Total assets 12/31/17 1,500 3,400 Total assets 12/31/18 1,700 4,200 Investment in other firms $50 $100 What is Morgan Group's return on assets (rounded) for 2018? a. 10.9% b. 12.5% c. 11.8% d. 13.1% e. 9.6% f. 11.3%
The following information is provided for Fremont Inc. and Morgan Group: Fremont Inc. Morgan Group (in $ millions) Net income 2018 $250 $500 Net sales 2018 2,000 5,000 Total assets 12/31/16 1,300 2,800 Total assets 12/31/17 1,500 3,400 Total assets 12/31/18 1,700 4,200 Investment in other firms $50 $100 What is Morgan Group's return on assets (rounded) for 2018? a. 10.9% b. 12.5% c. 11.8% d. 13.1% e. 9.6% f. 11.3%
The following information is provided for Fremont Inc. and Morgan Group: Fremont Inc. Morgan Group (in $ millions) Net income 2018 $250 $500 Net sales 2018 2,000 5,000 Total assets 12/31/16 1,300 2,800 Total assets 12/31/17 1,500 3,400 Total assets 12/31/18 1,700 4,200 Investment in other firms $50 $100 What is Morgan Group's return on assets (rounded) for 2018? a. 10.9% b. 12.5% c. 11.8% d. 13.1% e. 9.6% f. 11.3%
Definition Definition Structural system an enterprise uses to collect, store, report, retrieve, and process financial data. Accounting information systems are used by business analysts, auditors, accountants, and consultants for accurate and efficient access to financial data.
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