What is the return on assets

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Reference no: EM133337098

Question: Seacrest Corporation sells sailboats and has an inventory turnover ratio of 3.89 times per year based on its most recent audited annual financial statements. Assume a 365 day year.
During the year Seacrest sold 3 boats at an average selling price of $88150. Seacrest applies a 20% mark up on cost and is enough to pay its annual operating expenses of $44,000.

Required 4: If total average assets are $300,000, What is the Return on Assets? (report it as multiplied by 100 to represent it as a percentage):

Required 5: Seacrest's Return on Sales is (report it as multiplied by 100 to represent it as a percentage

Reference no: EM133337098

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