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During 2024, Oakwood Industries reported: Net sales 45,000,000|| Beginning total assets 18,000,000|| Net earnings 2,250,000 Ending total assets 24,000,000 Depreciation expense 750,000 Property, plant, equipment 12,500,000|| Accumulated depreciation 3,200,000 Oakwood's return on assets is: a. 12.5% b. 10.7% c. 9.4% d. 8.2%

During 2024, Oakwood Industries reported: Net sales 45,000,000|| Beginning total assets 18,000,000|| Net earnings 2,250,000 Ending total assets 24,000,000 Depreciation expense 750,000 Property, plant, equipment 12,500,000|| Accumulated depreciation 3,200,000 Oakwood's return on assets is: a. 12.5% b. 10.7% c. 9.4% d. 8.2%

EBK CONTEMPORARY FINANCIAL MANAGEMENT
EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter3: Evaluation Of Financial Performance
Section: Chapter Questions
Problem 19P
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During 2024, Oakwood Industries reported: Net sales 45,000,000|| Beginning total assets 18,000,000|| Net earnings 2,250,000 Ending total assets 24,000,000 Depreciation expense 750,000 Property, plant, equipment 12,500,000|| Accumulated depreciation 3,200,000 Oakwood's return on assets is: a. 12.5% b. 10.7% c. 9.4% d. 8.2%
Transcribed Image Text:During 2024, Oakwood Industries reported: Net sales 45,000,000|| Beginning total assets 18,000,000|| Net earnings 2,250,000 Ending total assets 24,000,000 Depreciation expense 750,000 Property, plant, equipment 12,500,000|| Accumulated depreciation 3,200,000 Oakwood's return on assets is: a. 12.5% b. 10.7% c. 9.4% d. 8.2%
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