What is return on assets for great northwest canoe and kayak

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Reference no: EM13896290

Suppose you have been asked to determine the return on net worth for Great Northwest Canoe and Kayak, a small manufacturer of kayaks and canoes, located near Seattle, Wash- ington. For this task, you have been given the following information:

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Values

Sales

$32,000,000

Cost of goods sold

$20,000,000

Variable expenses

$  4,000,000

Fixed expenses

$  6,000,000

Inventory

$  8,000,000

Accounts receivable

$  4,000,000

Other current assets

$  3,000,000

Fixed assets

$  6,000,000

What is the return on assets for Great Northwest Canoe and Kayak?

Reference no: EM13896290

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