FastForward has net income of $19,090 and assets at the beginning of the year of $209,000. Its assets at the end of the year total $264,000. Compute its return on assets.

Given:

Net income = $19,090

Assets at the beginning of the year = $209,000.

Assets at the end of the year total = $264,000.

To find:

The return on assets.

Solution:

Formula used:

Using the above formula, we get

The percentage form of 0.0807 is 8.07%.

Therefore, the return on assets is 8.07%.

45 minutes

step-by-step explanation:

answer: 38.47 is your answer

step-by-step explanation: hope i you and who ever sees this answer have a great rest of your day : )