A Company Had Net Income of $450,000 in 2012 and $620,000

question 66

Essay

A company had net income of $450,000 in 2012 and $620,000 in 2013.The company had average total assets of $2,500,000 in 2012 and $3,000,000 in 2013.Calculate the return on total assets for 2012 and 2013.Comment on the results.

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Definitions:

Members

Individuals who belong to a group, organization, or team, sharing common goals or interests.

Mobilizing Departments

The act of organizing and preparing various departmental units within an organization for a coordinated action or effort.

Formal Meetings

Structured gatherings with defined agendas, rules, and objectives, often in a professional setting.

Unification

The process of making or becoming united, integrated, or whole, often used in the context of merging groups or entities.