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:

Free Associate

A psychoanalytic technique where patients are encouraged to express their thoughts freely, letting their mind wander without censorship, to uncover unconscious thoughts and feelings.

Resistance

In psychotherapy, the act of opposing or struggling against the insights or interventions of the therapist, often considered a natural part of the therapeutic process.

Catharsis

A psychological process in which expressing or experiencing strong emotions leads to a feeling of emotional release or purification.

Countertransference

A phenomenon of psychotherapy in which therapists’ own feelings, history, and values subtly influence the way they interpret a patient’s problems.