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Jeremiah Calbario
on Oct 16, 2024

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Dawson Electronic Services had revenues of $80,000 and expenses of $50,000 for the year.Its assets at the beginning of the year were $400,000.At the end of the year assets were worth $450,000.Calculate its return on assets.

A) 7.1%.
B) 7.5%.
C) 6.7%.
D) 20.0%.
E) 18.8%.

Return on Assets

A measure of how effectively a company is using its assets to generate earnings.

Revenues

Revenues are the total amount of money received by a company for goods sold or services provided during a specific period.

Expenses

Costs incurred in the process of earning revenue, often categorized into operating and non-operating expenses.

  • Determine and scrutinize the return on assets to measure a corporation's profitability vis-à-vis its total assets.
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jadeer niyasOct 19, 2024
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