A Company Had Net Income of $450,000 in 2009 and $620,000

question 145

Essay

A company had net income of $450,000 in 2009 and $620,000 in 2010.The company had average total assets of $2,500,000 in 2009 and $3,000,000 in 2010.Calculate the return on total assets for 2009 and 2010.Comment on the results.

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Definitions:

Influence Attempt

An effort to affect or change someone else's behavior, opinions, or decisions, typically through persuasion, coercion, or leadership.

Duty

A moral or legal obligation to perform or refrain from performing a certain action.

Obligation

A duty or commitment that one is bound to by law, promise, or moral responsibility.

Induced Behavior

Behavior that is influenced or triggered by external factors such as social pressure, environmental cues, or specific situations.