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Using the Following Data for Stevenson Industries, Compute the Return

question 208

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Using the following data for Stevenson Industries, compute the return on assets ratio.  Net Income $150,000 Total Assets 12/31/142,410,000 Total Assets 12/31/13 1,980,000 Net Sales 250,000\begin{array} { l r } \text { Net Income } & \$ 150,000 \\\text { Total Assets } 12 / 31 / 14 & 2,410,000 \\\text { Total Assets 12/31/13 } & 1,980,000 \\\text { Net Sales } & 250,000\end{array}


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