Zander Inc.'s total assets at the beginning of the year amount to $328,497,000, and its...
70.2K
Verified Solution
Link Copied!
Question
Accounting
Zander Inc.'s total assets at the beginning of the year amount to $328,497,000, and its total assets at the end of the year amount to $321,389,000. If its return on assets for the year is 20%, then its net income for the year is _____.
a.$129,977,200
b.$64,988,600
c.$65,699,400
d.$64,277,800
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
