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What is pinsons return on assets at the end of the year

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Point 1: Pinson's Heat Pump Installations started the year with total assets of $90,000, total liabilities of $30,000, and retained earnings of $51,000. During the year, the business recorded $50,000 in installation revenues, $41,000 in expenses, and the company paid dividends of $5,000. The company did not make any additional investments during the year. Ignore taxes.

Question 1: What is the net income reported by Pinson's Heat Pump Installations for the year

Question 2: What is Pinson's return on assets (ROA) at the end of the year

Reference no: EM132488848

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