Return on total assets ratio: net income/ average total assets21,331/(321,195+225,248)/2= 0.07807= 7.8% (2020 year)11588/(162,648+225,248)/2= 0.059= 6.0% (2019 year)Write financial analysis report. CARDWETKeturn on total asset ratio - Net IncomeAverage Total Assets-21331-0.07807$21331(4321,195+ $225,248) 2273,2217.8%.5/115881225,248+$ 162,648)÷21,588193.9480,059746.0%

Introduction:- Return on assets ratio means as follows:- It is a profitability ratio It helps how…

Return on total assets ratio: net income/ average total assets 21,331/(321,195+225,248)/2= 0.07807= 7.8% (2020 year) 11588/(162,648+225,248)/2= 0.059= 6.0% (2019 year) Write financial analysis report.

Return on total assets ratio: net income/ average total assets 21,331/(321,195+225,248)/2= 0.07807= 7.8% (2020 year) 11588/(162,648+225,248)/2= 0.059= 6.0% (2019 year) Write financial analysis report.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

Return on total assets ratio: net income/ average total assets

21,331/(321,195+225,248)/2= 0.07807= 7.8% (2020 year)

11588/(162,648+225,248)/2= 0.059= 6.0% (2019 year)

Write financial analysis report.

CARDWET
Keturn on total asset ratio - Net Income
Average Total Assets
-21331-0.07807
$21331
(4321,195+ $225,248
) 2
273,221
7.8%.
5/11588
1225,248+$ 162,648)÷2
1,588
193.948
0,05974
6.0%

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