Harmony Inc

question 91

Essay

Harmony Inc.had net income of $225,300 in Year 1 and $320,900 in Year 2.The company had average total assets of $1,230,000 in Year 1 and $1,550,000 in Year 2.Calculate the return on total assets for Year 1 and Year 2.Comment on the results.

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Definitions:

Fetus

A developing mammal or human from the embryonic stage to birth, typically spanning from the ninth week of gestation until childbirth.

Fetus

The developmental stage of a human between the embryonic phase and birth.

Embryonic Period

A stage in prenatal development occurring from the 2nd to the 8th week after fertilization during which major organs and structures begin to develop.

Developing Fetus

Describes the growth and development stages of an unborn baby inside the mother's womb.