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Flingers Inc., reveals the following information in their annual report for FY 2004. Earnings and Expenses

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Flingers Inc., reveals the following information in their annual report for FY 2004.;Earnings and Expenses;Sales $10,000,000;Cost of goods sold $5,000,000;Pre-tax earnings $500,000;Selected Balance Sheet Items;Merchandise inventory $80,000;Total assets $2,000,000;What is Flingers? return on assets?;a. 16%;b. 20%;c. 25%;d. 40%

 

Paper#32308 | Written in 18-Jul-2015

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