Question

River Corp's total assets at the end of last year were $320,000 and its net income was $32,750. What was its return on total assets

Answer 1

Based on the total assets and the net income earned, the return on total assets was 10.23%.

What was the return on total assets?

This can be found by the formula:

= Net income / Total assets x 100%

Solving gives:

= 32,750 / 320,000 x 100%

= 10.23%

In conclusion, the return was 10.23%.

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