Calculate Return on Total Assets for all the years? 20Υ820Υ720Υ620Υ520Y4Net income$1,120,400$965,900$811,700$693,800$588,000Interest expense380,900347,700300,300229,000182,300Income tax expense358,528270,452227,276180,388141,120Total assets (ending balance)6,308,2806,633,9624,788,6464,965,7403,765,686Total stockholders' equity (ending balance)2,021,2432,424,7891,550,1091,918,6951,151,217Average total assets6,471,1215,711,3044,877,1934,138,1173,517,352Average stockholders' equity2,223,0161,987,4491,734,4021,534,9561,342,466

Name: Calculate Return on Total Assets for all the years? 20Υ820Υ720Υ620Υ520
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Description: Calculate Return on Total Assets for all the years? 20Υ820Υ720Υ620Υ520Y4Net income$1,120,400$965,900$811,700$693,800$588,000Interest expense380,900347,700300,300229,000182,300Income tax expense358,528270,452227,276180,388141,120Total assets (ending b

Formula: Return on Total Assets = ( Net income + Interest expense ) / Average Total Assets

Answered: Calculate Return on Total Assets for…

Business

Accounting

Calculate Return on Total Assets for all the years?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Calculate Return on Total Assets for all the years?

20Υ8
20Υ7
20Υ6
20Υ5
20Y4
Net income
$1,120,400
$965,900
$811,700
$693,800
$588,000
Interest expense
380,900
347,700
300,300
229,000
182,300
Income tax expense
358,528
270,452
227,276
180,388
141,120
Total assets (ending balance)
6,308,280
6,633,962
4,788,646
4,965,740
3,765,686
Total stockholders' equity (ending balance)
2,021,243
2,424,789
1,550,109
1,918,695
1,151,217
Average total assets
6,471,121
5,711,304
4,877,193
4,138,117
3,517,352
Average stockholders' equity
2,223,016
1,987,449
1,734,402
1,534,956
1,342,466

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