menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Financial Accounting Information Study Set 1
  4. Exam
    Exam 1: Introducing Accounting in Business
  5. Question
    Nike Had Income of $350 Million and Average Assets of $2,000
Solved

Nike Had Income of $350 Million and Average Assets of $2,000

Question 20

Question 20

Multiple Choice

Nike had income of $350 million and average assets of $2,000 million.Its return on assets is:


A) 1.8%
B) 35%
C) 17.5%
D) 5.7%
E) 3.5%

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q15: Match each of the following with the

Q17: Internal users of accounting information include:<br>A)Shareholders<br>B)Customers<br>C)Creditors<br>D)Government regulators<br>E)Line

Q22: If Beginning Retained Earnings was $184,300,net income

Q23: Expenses decrease retained earnings and are the

Q25: The financing functions of a business include:<br>A)Research

Q75: Technological advancement<br>A)Has replaced accounting.<br>B)Has not changed the

Q77: A company borrows $125,000 from the Eastside

Q106: How does the going-concern principle affect the

Q244: Bookkeeping is the sole purpose of accounting.

Q261: Accounts payable appear on which of the

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines