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Answer the following scenarios regarding the Blueberry company A. Blueberry company had net...

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Accounting

Answer the following scenarios regarding the Blueberry company

A. Blueberry company had net income of $2,670,000, net sales of $25,300,000, and average total assets of $8,600,000. Its return on total assets equals:

  • 3.22%.
  • 10.55%.
  • 31.05%.
  • 33.99%.
  • 322.10%.

B, Blueberry company had net income of $50,000, net sales of $470,000, and average total assets of $400,000. Its profit margin and total asset turnover were respectively:

  • 1.92%; 1.18.
  • 1.18%; 10.64.
  • 10.64%; 0.13.
  • 10.64%; 1.18.
  • 1.18%; 0.13.

C. Blueberry company has net income of $225,000, net sales of $4,400,000, and average total assets of $2,362,500. Its return on total assets equals:

  • 17.7%.
  • 53.7%.
  • 1,050.0%.
  • 5.1%.
  • 9.5%.

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