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Cecilia Company reported net income of $1,850,000. The average total liabilities were $7,302,500 and average total stockholders' equity was $6,205,000. Interest expense $200,500 and the tax rate was 35%. What is the return on assets ratio? was

Cecilia Company reported net income of $1,850,000. The average total liabilities were $7,302,500 and average total stockholders' equity was $6,205,000. Interest expense $200,500 and the tax rate was 35%. What is the return on assets ratio? was

Managerial Accounting: The Cornerstone of Business Decision-Making
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter15: Financial Statement Analysis
Section: Chapter Questions
Problem 52E: Juroe Company provided the following income statement for last year: Juroes balance sheet as of...
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Accounting

Cecilia Company reported net income of $1,850,000. The average total liabilities were $7,302,500 and average total stockholders' equity was $6,205,000. Interest expense $200,500 and the tax rate was 35%. What is the return on assets ratio? was
Transcribed Image Text:Cecilia Company reported net income of $1,850,000. The average total liabilities were $7,302,500 and average total stockholders' equity was $6,205,000. Interest expense $200,500 and the tax rate was 35%. What is the return on assets ratio? was
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