The world’s Largest Sharp Brain Virtual Experts Marketplace Just a click Away
Levels Tought:
Elementary,Middle School,High School,College,University,PHD
| Teaching Since: | May 2017 |
| Last Sign in: | 402 Weeks Ago, 5 Days Ago |
| Questions Answered: | 66690 |
| Tutorials Posted: | 66688 |
MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
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:
| Â | 44.55% |
| Â | 33.41% |
| Â | 31.18% |
Â
Hel-----------lo -----------Sir-----------/Ma-----------dam-----------Tha-----------nk -----------You----------- fo-----------r u-----------sin-----------g o-----------ur -----------web-----------sit-----------e a-----------nd -----------and----------- ac-----------qui-----------sit-----------ion----------- of----------- my----------- po-----------ste-----------d s-----------olu-----------tio-----------n.P-----------lea-----------se -----------pin-----------g m-----------e o-----------n c-----------hat----------- I -----------am -----------onl-----------ine----------- or----------- in-----------box----------- me----------- a -----------mes-----------sag-----------e I----------- wi-----------ll