Harris Co Has a Net Income of $43,000, Assets at the the Beginning

question 137

Multiple Choice

Harris Co. has a net income of $43,000, assets at the beginning of the year are $250,000 and assets at the end of the year are $300,000. Compute its return on assets.

• A) 8.4%
• B) 17.2%
• C) 14.3%
• D) 15.6%
• E) 1.5%