Adams Service Company Had a Net Income of $14,500 for the Year

question 100

Essay

Adams Service Company had a net income of $14,500 for the year ending December 31,2018.The total assets on January 1,2018 were $28,000.The total assets on December 31,2018 were $16,000.
Calculate Adam's return on assets (ROA).Show your computations and label your work.Round your answer to two decimal places.

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Definitions:

Relationship Selling

A sales approach focused on building long-term customer relationships rather than just making immediate sales.

Customer Complaint

Feedback from a customer expressing dissatisfaction with a product or service received.

Perceived Purchase Satisfaction

The level of contentment a consumer feels regarding a purchase, based on their expectations and the product's performance.

Sales Wisdom

The deep, practical knowledge or insight gained through extensive experience in the sales field, guiding strategy, and interaction with clients.