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Selected current year company information follows: Net income Net sales Total liabilities, beginning-year Total liabilities, end-of-year $21,480 815,600 95,200 112,500 Total stockholders' equity, beginning-year 210,000 Total stockholders' equity, end-of-year 142,300 What is the return on total assets? (Do not round intermediate calculations.)

Selected current year company information follows: Net income Net sales Total liabilities, beginning-year Total liabilities, end-of-year $21,480 815,600 95,200 112,500 Total stockholders' equity, beginning-year 210,000 Total stockholders' equity, end-of-year 142,300 What is the return on total assets? (Do not round intermediate calculations.)

Cornerstones of Financial Accounting
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter12: Fainancial Statement Analysis
Section: Chapter Questions
Problem 55CE
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Can you solve this financial accounting problem using appropriate financial principles?

Selected current year company information follows: Net income Net sales Total liabilities, beginning-year Total liabilities, end-of-year $21,480 815,600 95,200 112,500 Total stockholders' equity, beginning-year 210,000 Total stockholders' equity, end-of-year 142,300 What is the return on total assets? (Do not round intermediate calculations.)
Transcribed Image Text:Selected current year company information follows: Net income Net sales Total liabilities, beginning-year Total liabilities, end-of-year $21,480 815,600 95,200 112,500 Total stockholders' equity, beginning-year 210,000 Total stockholders' equity, end-of-year 142,300 What is the return on total assets? (Do not round intermediate calculations.)
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