Fundamental Accounting Principles 22th Edition by John Wild ,Ken Shaw,Barbara Chiappetta

Exercise 5

Swiss Group reports net income of $40,000 for 2015. At the beginning of 2015, Swiss Group had $200,000 in assets. By the end of 2015, assets had grown to $300,000. What is Swiss Group's 2015 return on assets How would you assess its performance if competitors average a 10% return on assets