At the End of 2019,Jared Corporation Reported a Return on Assets

question 118

Essay

At the end of 2019,Jared Corporation reported a return on assets of 16%,average total assets of $365,000,and average total liabilities of $165,000.
What was Jared's net income?

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Definitions:

Canadian Companies

Businesses that are registered, based, or originated in Canada, operating under Canadian laws and regulations.

PEST Analysis

An analytical framework used to assess external factors affecting a business's strategy: Political, Economic, Social, and Technological.

Political Factors

Elements related to government policies, political stability, and legislative changes that can impact an organization's operation and strategic decisions.

International Labour Organization

A United Nations agency that sets international labor standards and promotes rights at work.