A company reports the following income statement and balance sheet information for the current year: Net income $424,000 Interest expense 80,000 Average total assets 4,200,000
Determine the return on total assets. (Round percentages to one decimal place.)
%

10.1%

Explanation:

Given the above information, return on total asset is computed as;

Return on total asset = Net income / Average total assets

Net income = $24,000

Average total assets = $4,200,000

Therefore,

Return on total assets = $424,000 / $4,200,000

Return on total assets = 10.1%

10.1%

Explanation:

Determine the return on total assets. (Round percentages to one decimal place.) 10.1%

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the first successful, urban blues recording, selling more than 75,000 copies, was made in year 1920.

mamie smith recorded the first commercially successful example of the urban blues,   with the recording of “crazy blues”."crazy blues" was recorded on august 10, 1920, in new york city. within a month of the release of “crazy blues” it had sold 75,000 copies.