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What the return on total assets

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Q1) Selected information for DuckDuckGo Company as of December 31 is as follows: Ordinary Share P800,000; Nonconvertible, Noncumulative 8% Preference Share- P250,000; Retained earnings P370,000; Net Income for the year 240,000. What the DuckDuckGo's return on ordinary shareholders' equity for 2020?

A. P17%

B. P19%

C. P21%

D. P23%

Q2) The total assets of the ABC Company on January 1, 2020 were P2.3 million and on December 31, 2020 were P2.5 million. Net income for 2020 was P188,000. Dividends for 2020 totaled P75,000, interest expenses totaled P70,000, and the tax rate was 30%. What the return on total assets for 2020?

A. 9.5%.

B. 6.8%.

C. 9.9%.

D. 10.8%.

Reference no: EM132934874

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