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Home Q & A Board Other Fields Homework Help Business Accounting
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Harrison Harrison
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6 years ago
The following information is available for Aerius Corporation for the current year:

Net income   $160,000
Preferred dividends   30,000
Interest expense   18,000

Beginning of year:
Total assets   900,000
Total liabilities   300,000
Total common shareholders' equity   375,000

End of year:
Total assets   950,000
Total liabilities   350,000
Total common shareholders' equity   400,000

The return on assets for Aerius Corporation is:
A) 19.2%
B) 19.8%
C) 17.3%
D) 18.7%
Textbook 
Financial Accounting, Canadian Edition

Financial Accounting, Canadian Edition


Edition: 5th
Authors:
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TheSinTheSin
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6 years ago
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