The Balance Sheet of Paradise Pizza Reports Total Assets of $1,500,000

question 86

Multiple Choice

The balance sheet of Paradise Pizza reports total assets of $1,500,000 and $1,700,000 at the beginning and end of the year,respectively.Net income and sales for the year are $240,000 and $2,000,000,respectively.What is Paradise Pizza's return on assets?

• A)15%.
• B)14.12%.
• C)16%.

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