Answered: Granite Ridge Industries had a net…

Granite Ridge Industries had a net income of $95,000, beginning with total assets of $720,000, and ending with total assets of $660,000. What is its return on total assets?

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter12: Balanced Scorecard And Other Performance Measures

Section: Chapter Questions

Problem 5EB: During the current year. Plainfield Manufacturing earned income of $845,000 from total sales of...

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Question

What is the return on total assets of this financial accounting question?

Granite Ridge Industries had a net income of $95,000, beginning with total
assets of $720,000, and ending with total assets of $660,000.
What is its return on total assets?

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