Isaiah Company Has Net Income of $720,000, Beginning Total Assets

question 18

Short Answer

Isaiah Company has net income of $720,000, beginning total assets of $2,100,000, and ending total assets of $2,300,000. Isaiah's return on total assets is __________.

---

Definitions:

Military Aircrafts

Military aircrafts are aircrafts used by the armed forces of countries for defense, attack, and transport purposes, including fighters, bombers, and transport planes.

Interstate Highway

A network of controlled-access highways that form part of the National Highway System in the United States.

Public School

An educational institution funded and operated by the government, providing free education to students.

Net Taxes

The difference between total taxes collected by the government and the total transfer payments and non-tax revenues it provides.