Business, 25.06.2021 01:50 deijiahshatia

Hot Shot Delivery Inc. provides the following year end data: 2020 2019
Cash $65,000 $38,000
Accounts Receivable 60,000 39,000
Merchandise Inventory 66,000 26,000
Property, Plant & Equip 219,000 154,000
Total Assets 410,000 257,000
Sales Revenue $530,000
Cost of Goods Sold 180,000
Interest Expense 30,000
Net Income 112,000
Calculate the rate of return on total assets for 2018.
a. 55.3%.
b. 52.5%.
c. 42.6%.
d. 27.3%.

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Hot Shot Delivery Inc. provides the following year end data: 2020 2019
Cash $65,000 $38,000...

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