Maurice Tutor

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About Maurice Tutor

Levels Tought:
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Expertise:
Algebra,Applied Sciences See all
Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
Last Sign in: 402 Weeks Ago, 5 Days Ago
Questions Answered: 66690
Tutorials Posted: 66688

Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

Experience

  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 11 Aug 2017 My Price 4.00

Hagerman Corporation

Hagerman Corporation's most recent income statement appears below:

Sales (all on account) $470,000
Cost of goods sold 282,000

 

Gross margin 188,000
Selling and administrative expense 94,000

 

Net operating income 94,000
Interest expense 23,500

 

Net income before taxes 70,500
Income taxes (30%) 21,150

 

Net income $49,350

 


The beginning balance of total assets was $260,000 and the ending balance was $162,000. The return on total assets is closest to:

  44.55%
  33.41%
  31.18%

 

Answers

(5)
Status NEW Posted 11 Aug 2017 09:08 PM My Price 4.00

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