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Question: A company has assets totalling $128,625, liabilities totalling $67,980, the period and net income for the totalling $74,000. Calculate the return on assets.

Question: A company has assets totalling $128,625, liabilities totalling $67,980, the period and net income for the totalling $74,000. Calculate the return on assets.

Managerial Accounting: The Cornerstone of Business Decision-Making
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 19BEA
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Question: A company has assets totalling $128,625, liabilities totalling $67,980, the period and net income for the totalling $74,000. Calculate the return on assets.
Transcribed Image Text:Question: A company has assets totalling $128,625, liabilities totalling $67,980, the period and net income for the totalling $74,000. Calculate the return on assets.
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