Pinecrest Valley Ltd. reports total assets of $3,600,000 at the beginning of the year and $4,200,000 at the end of the year. The net income for the year is $468,000. What is Pinecrest Valley Ltd.'s return on assets?

Pinecrest Valley Ltd. reports total assets of $3,600,000 at the beginning of the year and $4,200,000 at the end of the year. The net income for the year is $468,000. What is Pinecrest Valley Ltd.'s return on assets?

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 52E: Juroe Company provided the following income statement for last year: Juroes balance sheet as of...

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???

Pinecrest Valley Ltd. reports total assets of $3,600,000 at the beginning of the
year and $4,200,000 at the end of the year. The net income for the year is
$468,000.
What is Pinecrest Valley Ltd.'s return on assets?

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