The Balance Sheet of Purdy's BBQ Reports Total Assets of $800,000

question 24

Multiple Choice

The balance sheet of Purdy's BBQ reports total assets of $800,000 and $900,000 at the beginning and end of the year,respectively.Net income and sales for the year are $85,000 and $1,700,000,respectively.What is Purdy's return on assets?

• A)10%.
• B)20%.
• C)200%.

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Definitions:

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