Solved

Doherty Corporation Had Net Income of $30,000, Net Sales of $1,000,000

Question 139

Multiple Choice

Doherty Corporation had net income of $30,000, net sales of $1,000,000, and average total assets of $500,000. Its return on total assets is:

A) 3%
B) 200%
C) 6%
D) 17%
E) 1.5%

Related Questions

Q108: Foreign exchange rates fluctuate due to many

Q134: Match the following terms with the appropriate

Q135: If the exchange rate for Canadian and

Q136: If a U. S. company's credit sale

Q138: Texana Inc. imports inventory from Mexico. Prepare

Q140: On July 31, Beatrice Co. purchased 2,000

Q141: A company had net income of $45,000,

Q143: On November 12, Kendra, Inc., a U.S.

Q189: Debt securities are recorded at cost when

Q195: Multinational corporations can be U.S. companies with