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thanitoast84
26.02.2020 •
Business
Calculate the return on assets for a gun shop that has total assets of $410,000, current assets of $74,000, total liabilities of $280,000, accounts receivable of $12,000, net sales of $64,000, and operating profit margin of $30,000.
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Ответ:
7.3
Explanation:
Return on assets ratio is a profitability ratio that indicates how efficient a company is in generating profits by use of its assets. The ratio is calculating by dividing net income by average total assets.
i.e., return on assets = Net income / Average total assets.
The ratio is expressed as a percentage. The ratio is multiplied by 100.
From the information given
Total asset = $410,000
Current assets = $74,000
Net sales $64,000
Operating profit = $30,000
Average total assets = opening asset + closing asset/2
In the case assets are $410,000
Net income is operating profit margin = $30,000
ROA = $30,000/$410,000 x 100
=0.073170 x 100
=7.31%
Ответ:
Price Equals average total cost in the long run
Explanation:
There would be zero profit so the price would become equal to marginal cost.