If profit is $21,000, after deducting interest of $5,000, and average total assets are $150,000, calculate return on assets to assess profitability from a management viewpoint.Group of answer choices1.73%173%5.77%17.3%

A project has the following net profit after tax set out below. The average book value of the assets in the project is 110,092. What is the accounting rate of return of this project? Enter your final answer in decimals to four decimal places (e.g., if your answer is 5.55%, then enter 0.0555). Year Net Profit After Tax 1 5,963 2 7,772 3 8,523 4 10,145

Using the financial statements below, calculate the Return on equity for the current year. Please calculate to 2 decimal places. Do not use the % symbol. For example, if it is 3.2%, enter 3.2 into the box. If the number is negative, remember to add a minus symbol before the number Profit and loss statement Current year Prior year Revenue 14,800 18,500 Less Cost of sales 6,000 7,500 Gross profit 8,800 11,000 Less expenses Wages Expense 5,500 6,500 Interest Expense 2,200 2,000 Depreciation Expense 1,000 1,200 Advertising Expense 900 800 Net profit (800) 500 BALANCE SHEET Current year Prior year Current assets Cash 14,250 16,700 Accounts Receivable 14,000 3,500 Inventory 6,000 2,500 Prepaid Expenses 650 1,500 Non-current assets Property Plant Equipment 192,500 193,500 Land 210,000 210,000 Total assets 437,400 427,700 Current liabilities Accounts Payable 11,700 4,200 Unearned Revenue 3,500 2,000 Wages Payable 3,500 2,500 Non-current liabilities Bank Loan 118,000 122,500 Total liabilities 136,700 131,200 NET ASSETS 300,700 296,500 Equity Share Capital 255,000 250,000 Retained Earnings 45,700 46,500 TOTAL EQUITY 300,700 296,500

Our company reported the following financial numbers for one of its divisions for the year; average total assets of $4,100,000; sales of $4,525,000; cost of goods sold of $2,550,000; and operating expenses of $1,372,000. Assume a target income of 10% of average invested assets.Compute residual income for the division:The investment center profit margin is:The investment turnover is:

If profit after tax and interest is $400,000, interest expense is $50,000 and taxation expense is $84,000, profit before interest and tax is:$291,000$484,000$450,000$534,000

Return of assets = Profit /(average total assets). If a new item of equipment is revalued up during the year for the first time, which is incorrect:  Return on assets' remains unchanged 'ave total assets' will increase 'Other comprehensive income' will increase 'profit' will decrease due to increased depreciation