The balance sheet of paradise pizza reports total assets of $1,500,000 and $1,700,000 at the beginning and end of the year, respectively. net income and sales for the year are $240,000 and $2,000,000, respectively. what is paradise pizza's return on assets?

The return on asset is the measure of how a company’s assets are able to produce profits during a certain business period. It is computed by dividing the net income by the average asset. $240,000 divided by (beginning assets $1,500,000 plus ending asset $1,700,000 divided by 2), equals return on asset of 15%.

explanation: doctrine of respondeat superior is a legal doctrine that is commonly used in tort. this principle makes an employer or principal legally responsible for the wrongful acts done by an employee or agent, if such acts occur within the scope of the employment or agency.

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