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Knowledge Check Accounting data of Commercial Signs are presented here. Net income Total assets 2025 $20,790 332,000 2025 Return on assets 2024 2024 Return on assets $19,550 328,000 2023 $31,500 Calculate return on assets for 2024 and 2025. (Round your answers to two decimal places (e.g., 7.70%).) 352,000 % %

Knowledge Check Accounting data of Commercial Signs are presented here. Net income Total assets 2025 $20,790 332,000 2025 Return on assets 2024 2024 Return on assets $19,550 328,000 2023 $31,500 Calculate return on assets for 2024 and 2025. (Round your answers to two decimal places (e.g., 7.70%).) 352,000 % %

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Your answer is incorrect. Knowledge Check Accounting data of Commercial Signs are presented here. Net income Total assets 2025 $20,790 2024 332,000 328,000 2025 Return on assets 2024 Return on assets 2023 $19,550 $31,500 Calculate return on assets for 2024 and 2025. (Round your answers to two decimal places (e.g., 7.70%).) 352,000 % % Save for Later Last saved 1 day ago. Saved work will be auto-submitted on the due date. Auto- submission can take up to 10 minutes. Attempts: 1 of 5 used Submit Answer
Transcribed Image Text:Your answer is incorrect. Knowledge Check Accounting data of Commercial Signs are presented here. Net income Total assets 2025 $20,790 2024 332,000 328,000 2025 Return on assets 2024 Return on assets 2023 $19,550 $31,500 Calculate return on assets for 2024 and 2025. (Round your answers to two decimal places (e.g., 7.70%).) 352,000 % % Save for Later Last saved 1 day ago. Saved work will be auto-submitted on the due date. Auto- submission can take up to 10 minutes. Attempts: 1 of 5 used Submit Answer
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