Help Save Exit Exercise 114 Analysis of return on assets LO

Help Save & Exit Exercise 1-14 Analysis of return on assets LO A2 Swiss Grou 2017, assets had grown to $198,000. p reports net income of $40,000 for 2017. At the beginning of 2017, Swiss Group had $148.000 in assets. By the end of What is Swiss Group\'s 2017 return on assets?

Solution

Choose Numerator:

/

Choose Denominator:

=

Return on Assets

Net Income

/

Average Total Assets

=

Return on Assets

$40000

/

148000+198000

            2

= 173000

=

23.12%

Choose Numerator:	/	Choose Denominator:	=	Return on Assets
Net Income	/	Average Total Assets	=	Return on Assets
$40000	/	148000+198000             2 = 173000	=	23.12%