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Hello students, here is a question.
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The following data was taken from the accounting record of splish brothers corporation i .e.
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2024 and 2023.
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The total assets are 974 ,866 ,000 and the total liabilities are 262 ,244 ,000.
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Preferred shares are 87 ,600 and 87 ,600.
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Common shares are 308 ,000 and retained earnings is 316 ,400 and 26 ,400.
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Additional data of net income is 168 ,000.
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Interest expenses is 26 ,500.
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Sales revenues are 996 ,000.
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The return on assets of 2024 is 18 .3, 19 .2 and 20 .1 and 21 .1%.
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These are the options given here.
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We have to choose the right option from this.
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So, let us discuss the answer...