Return on total ratio

by | Jun 24, 2021 | Assignment Help

Calculate the return on total ratio based on the following information:

cash = $14,870; accounts receivable = $22,108; prepaid $3,010; supplies = $927; equipment = $62,150; accumulated depreciation = $13,750; accounts payable = 28,000; net sales = $325,000; interest expense $6,000; tax expense = $12,000; earnings before interest and taxes = $122,623; number of shares outstanding = $335,000.

Round to two decimal places and assume this is the first year of operations.

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