Please help Excerpts from Hulkster Companys December 31 2016

Please help

Excerpts from Hulkster Company\'s December 31, 2016 and 2015, financial statements are presented below:

Average total assets=(425000+405000)/2=$415000

Hence ROA=Net income/Average total assets

=(32500/415000)

which is equal to

=7.8%(Approx).

$Please help Excerpts from Hulkster Company\'s December 31, 2016 and 2015, financial statements are presented below: SolutionAverage total assets=(425000+405000)$

Please help Excerpts from Hulkster Companys December 31 2016

Solution

Get Help Now

Submit a Take Down Notice