1 chou co has a net income of 54000 assets at the beginning, Ask an Expert

Accounting

1. Chou Co. has a net income of $54,000, assets at the beginning of the year are $261,000 and assets at the end of the year are $311,000. Compute its return on assets.

2. Dawson Electronic Services had revenues of $116,000 and expenses of $68,000 for the year. Its assets at the beginning of the year were $418,000. At the end of the year assets were worth $468,000. Calculate its return on assets.

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Financial Accounting, Accounting

Category:- Financial Accounting
Reference No.:- M92041722

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