learning resource from Cengage Learning A Company Reports The Following eBook Show Me How Return on Total Assets A company reports the following income statement and balance sheet information for the current year: Net income $513,920 Interest expense 90,690 Average total assets 5,870,000 Determine the return on total assets. If required, round the answer to one decimal place. %

Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter16: Financial Statement Analysis
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Return on Total Assets
A company reports the following income statement and balance sheet information for the current year:
Net income
$513,920
90,690
Interest expense
Average total assets
5,870,000
Determine the return on total assets. If required, round the answer to one decimal place.
%
CA Company Reports The Following Income Staten
Transcribed Image Text:Dove okmarks Window Help learn sphu edu. v2.cengagenow.com g and learning resource from Cengage Learning eBook Show Me How Return on Total Assets A company reports the following income statement and balance sheet information for the current year: Net income $513,920 90,690 Interest expense Average total assets 5,870,000 Determine the return on total assets. If required, round the answer to one decimal place. % CA Company Reports The Following Income Staten
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