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Base on the income statement below, and if my Ave total assets is 1,725.What is my Return on assets?
Formula:Return on Assets = Net Income (before Interest znd Tax) / Average Total assets
Thanks in Advance, expert!
- Define current assets and current liabilities. Why are current assets and current liabilities separated from noncurrent assets and long-term liabilities on the balance sheet?How does the income statement affect the balance sheet?What goes under assets and what goes under liablilities for a balance sheet? Wanting specific list to help categorize.