QUESTION: SWISS GROUP REPORTS A NET INCOME OF $40,000 FOR 2017. AT THE BEGINNING OF 2017, SWISS GROUP HAD $200,000 ASSETS. BY THE END IN OF 2017, ASSETS HAD GROWN TO $300,000. WHAT IS SWISS GROUP'S 2017 RETURN ON ASSETS?
QUESTION: SWISS GROUP REPORTS A NET INCOME OF $40,000 FOR 2017. AT THE BEGINNING OF 2017, SWISS GROUP HAD $200,000 ASSETS. BY THE END IN OF 2017, ASSETS HAD GROWN TO $300,000. WHAT IS SWISS GROUP'S 2017 RETURN ON ASSETS?
Chapter1: Financial Statements And Business Decisions
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Transcribed Image Text:QUESTION:
SWISS GROUP REPORTS A
NET INCOME OF $40,000
FOR
2017.
AT
THE
BEGINNING OF 2017, SWISS
GROUP HAD $200,000
ASSETS. BY THE END
IN
OF
2017, ASSETS HAD GROWN
TO $300,000.
WHAT IS SWISS GROUP'S
2017 RETURN ON ASSETS?
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