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Other Fields Homework Help Accounting Topic started by: tivo on Feb 21, 2017



Title: Industrial Medical Supply has net sales of $1,200,000, net income of $85,000, average current assets ...
Post by: tivo on Feb 21, 2017
Industrial Medical Supply has net sales of $1,200,000, net income of $85,000, average current assets of $53,000, average fixed assets of $184,000, and average total assets of $237,000. Industrial Medical Supply's return on assets is:
A) 35.9%.
B) 7.1%.
C) 46.2%.
D) 160.4%.


Title: Re: Industrial Medical Supply has net sales of $1,200,000, net income of $85,000, average current ...
Post by: largerthanlife on Feb 21, 2017
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Title: Re: Industrial Medical Supply has net sales of $1,200,000, net income of $85,000, average current assets ...
Post by: tivo on Apr 10, 2017
I appreciate it once again, answered correctly