00:01
Hello students, we are given a question here that the assets for bizzow in 2018 were 1 ,87 ,300.
00:09
The liabilities for that year was $2 .75 ,600 and the net income was given as $17 ,700.
00:21
What we need to find, we need to calculate the return on income for the year.
00:25
So we are supposed to know that here, there is a formula like return on income, return on income, students, it is equal to the net income divided by net income, okay, students, then divided by total assets, total assets, okay, and times 100.
00:51
So we can put our all the values.
00:53
So net income is given as here, as we can see, 17 ,700.
01:00
So 17 ,700 divided by total assets.
01:05
It is given as here, 1 ,087 ,300 times 100.
01:15
So what we can state here, 2 .0s will automatically cancel out by 2 zeros...