Everest Manufacturing reports the following financial data for the year: • Net Income = $280,000 Interest Expense = $47,500 Average Total Assets = $3,200,000 Determine the return on total assets (ROA). Round to one decimal place.

Everest Manufacturing reports the following financial data for the year: • Net Income = $280,000 Interest Expense = $47,500 Average Total Assets = $3,200,000 Determine the return on total assets (ROA). Round to one decimal place.

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter12: Balanced Scorecard And Other Performance Measures

Section: Chapter Questions

Problem 6EA: During the current year, Sokowski Manufacturing earned income of $350,000 from total sales of...

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Everest Manufacturing reports the following financial data
for the year:
•
Net Income = $280,000
Interest Expense = $47,500
Average Total Assets = $3,200,000
Determine the return on total assets (ROA). Round to one
decimal place.

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