The balance sheet of Sub America reports total assets of $400,000 and $450,000 at the beginning and end of the year, respectively. The return on assets for the year is 10%. What is Sub America’s net income for the year? a. $42,500. b. $45,000. c. $4,250,000. d. $85,000.

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Darshita 6.14K July 4, 2017 0 Comments

The balance sheet of Sub America reports total assets of $400,000 and $450,000 at the beginning and end of the year, respectively. The return on assets for the year is 10%. What is Sub America’s net income for the year?

a. $42,500.

b. $45,000.

c. $4,250,000.

d. $85,000.

1 Answer

score 0 · Answer 1 · 2017-07-04T02:59:25+00:00

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