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Garrott Corporation's Total Assets Were $1,505,000 at the End of Year

Question 164

Multiple Choice

Garrott Corporation's total assets were $1,505,000 at the end of Year 2 and $1,520,000 at the end of Year 1. Its total stockholders' equity was $1,197,000 at the end of Year 2 and $1,180,000 at the end of Year 1. Garrott Corporation's total assets were $1,505,000 at the end of Year 2 and $1,520,000 at the end of Year 1. Its total stockholders' equity was $1,197,000 at the end of Year 2 and $1,180,000 at the end of Year 1. The company's return on total assets for Year 2 is closest to: A) 2.09% B) 2.08% C) 1.67% D) 1.66% The company's return on total assets for Year 2 is closest to:


A) 2.09%
B) 2.08%
C) 1.67%
D) 1.66%

Correct Answer:

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