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Determine the return on assets ratio

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Reference no: EM133119298

Question - The following amounts were taken from the financial statements of Plant Company:

 

2013

2012

Total assets

P800,000

P1,000,000

Net sales

720,000

650,000

Gross profit

352,000

320,000

Net income

126,000

117,000

Weighted average number of common shares outstanding

90,000

90,000

Market price of common stock

P35

P39

Required - Determine the return on assets ratio for 2013?

Reference no: EM133119298

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