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:

Environmental Cues

External signals or stimuli that can affect behavior, emotions, or thoughts, influencing decision-making or actions based on the current context or situation.

Biological Approach

A perspective in psychology that examines behavior and mental processes through a focus on physical and biological processes, including genetics and neurochemistry.

Dietary Restraint Proposal

A theory or concept suggesting the self-imposed limitation on food intake and dieting with the aim to control or lose weight.

Chronic Dieter

An individual who persistently engages in dieting, often without long-term success, sometimes leading to cyclical patterns of weight loss and gain.