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:

Process of Adjustment

The manner in which individuals adapt to changes or new situations in their environment, often necessitating psychological, emotional, or behavioral flexibility.

Human Behavior

The range of actions and mannerisms exhibited by humans, influenced by culture, attitudes, emotions, values, ethics, authority, rapport, hypnosis, persuasion, coercion, and/or genetics.

Research Methods

The strategies, techniques, and procedures used in the investigation of phenomena, acquisition of new knowledge, or correction and integration of previous knowledge.

Experimental

Pertaining to or based on a methodical plan or procedure to establish cause and effect by testing hypotheses and controlling variables.