19. Using the following information, calculate the return on assets Net income for November, 2024 5 5.000 76.000 Total assets, November 1, 2024 Total assets, November 30, 2024 80.250 4 identify the formula and then solve mon assets (ROA) Round the ROA to the nearest tenth ROA

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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19. Using the following information, calculate the return on assets
Net income for November, 2024
5.000
Total assets, November 1, 2024
76.000
Total assets, November 30, 2024
80,250
D
identify the formula and then solve for retums on assets (ROA) Round the ROA to the nearest tem
ROA
Transcribed Image Text:19. Using the following information, calculate the return on assets Net income for November, 2024 5.000 Total assets, November 1, 2024 76.000 Total assets, November 30, 2024 80,250 D identify the formula and then solve for retums on assets (ROA) Round the ROA to the nearest tem ROA
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