Quick Computer Service Had Net Income for the Year of $30,000.Its

question 222

Essay

Quick Computer Service had net income for the year of $30,000.Its assets at the beginning of the year were $400,000.At the end of the year,assets were worth $450,000.Calculate its return on assets.

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Definitions:

Legal

Relating to the law or the practice of law.

Traditional

Ideas, customs, or practices transmitted from generation to generation, often without change.

Social Hierarchy

The organization of individuals or groups in a society into levels of power, status, or priority, often based on factors like wealth, occupation, or social connections.

Economic Position

Relates to an individual's or entity's place or status in the economic hierarchy, influenced by income, wealth, and access to resources.