If chou company has a net income of $42,900, assets at the beginning of the year are $250,000 and assets at the end of the year are $300,000. its return on assets is 15.6%.
Using this formula
Return on assets=Net income/Total asset
Let plug in the formula
Return on assets=$42,900/($250,000+$300,000)/2
Return on assets=$42,900/$550,000/2
Return on assets=$42,900/$275,000
Return on assets=15.6%
Therefore If chou company has a net income of $42,900, assets at the beginning of the year are $250,000 and assets at the end of the year are $300,000. its return on assets is 15.6%.
Learn more about return on assets here:https://brainly.com/question/14553045
#SPJ4
