Angelo Services, Inc reported the following balance sheet information for the year 2017
Based on the following information, calculate the rate of return on total assets for Angelo Services, Inc
Total Assets, December 31, 2017 $586,000
Total Assets, December 31, 2016 $505,000
For Year Ended December 31, 2017:
Interest Expense $27,000
Net Income $66,100
A) 11.28%
B) 7.93%
C) 17.07%
D) 7.17%
C .
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In 2016, Baloga Heating Company sold 400 water heaters for $350 each. The water heaters carry a 2-year warranty for repairs. Baloga estimates that repair costs will average 2% of the total selling price. How much is recorded in the warranty liability account as a result of selling the water heaters during 2016?
a. $4,200 b. $2,800 c. $1,400 d. No liability should be recorded until the water heaters are brought back for repairs.
Assume that sales are predicted to be $3,750, the expected contribution margin is $1,500, and a net loss of $250 is anticipated. The break-even point in sales dollars is:
A. $4,375. B. $1,750. C. $4,000. D. $2,500. E. $4,250.
Discuss the potential liability differences between a delegation and a novation
When the unemployment rate is low, there are fewer qualified workers looking for jobs. This labor market condition may encourage companies to raise wages in order to recruit or retain employees.
Answer the following statement true (T) or false (F)