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

question 115

Essay

Frazier Service Company had a net income of $14,500 for the year ending December 31,2016.The total assets on January 1,2016 were $28,000.The total assets on December 31,2016 were $16,000.
Calculate Frazier's return on assets (ROA).Show your computations and label your work.Round your answer to one decimal place.

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Definitions:

Blood pH

The measure of the acidity or alkalinity of blood, crucial for maintaining essential physiological processes, typically kept within a very narrow range.

Hydrogen Ion Concentration

A measure of the acidity or alkalinity of a solution, determined by the concentration of hydrogen ions present; it influences the pH level of the solution.

Bicarbonate Ions

Anions resulting from the dissociation of carbonic acid, serving an important role in buffering acids and bases in the body.

Respiratory Variables

Parameters that quantify aspects of breathing and lung function, including rate, volume, and flow of inhaled and exhaled air.