Given the following data: Net sales for the period: $800,000 Net expenses for the period: $700,000 Cash flow from operating activities: $150,000 Average liabilities: $500,000 Average shareholders' equity: $300,000 Calculate the return on assets for the period.
Given the following data: Net sales for the period: $800,000 Net expenses for the period: $700,000 Cash flow from operating activities: $150,000 Average liabilities: $500,000 Average shareholders' equity: $300,000 Calculate the return on assets for the period.
Chapter16: Working Capital Policy And Short-term Financing
Section: Chapter Questions
Problem 10P
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Calculate the return on assets for the period

Transcribed Image Text:Given the following data: Net sales for the period: $800,000 Net
expenses for the period: $700,000 Cash flow from operating
activities: $150,000 Average liabilities: $500,000 Average
shareholders' equity: $300,000
Calculate the return on assets for the period.
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