If a toy manufacturer reports $25,000 in net income and $100,000 in total assets, the return on assets will equal $0.25 or 25%. In general, a healthy business should show an improving trend of ROA over past accounting periods. Run the âBalance Sheet Detailâ report to extract your total assets.If your total assets fluctuate frequently, it is best practice to average the total over multiple accounting periods. Next, run the âProfit & Lossâ report to find your net income. Divide net income by total assets to determine your return on assets.he sole purpose of the current ratio is to answer this important liquidity question. You can easily calculate the current ratio by running a âBalance Sheet Detailâ report in QuickBooks Pro. Locate your total current assets and divide by your total current liabilities.
The History of Fatherâs Day in the United States. There are two stories of when the first Fatherâs Day was celebrated. According to some accounts, the first Fatherâs Day was celebrated in Washington state on June 19, 1910. A woman by the name of Sonora Smart Dodd came up with the idea of honoring and celebrating her father while listening to a Motherâs Day sermon at church in 1909.
Slowly, the holiday spread. In 1916, President Wilson honored the day by using telegraph signals to unfurl a flag in Spokane when he pressed a button in Washington, D.C. In 1924, President Calvin Coolidge urged state governments to observe Fatherâs Day. However, many men continued to disdain the day.