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Suppose Isha Corporation reports beginning assets of $55,000, ending assets of $70,000, net sales of $150,000, and net income of $12,500. What is the return on assets?

Suppose Isha Corporation reports beginning assets of $55,000, ending assets of $70,000, net sales of $150,000, and net income of $12,500. What is the return on assets?

Corporate Fin Focused Approach
Corporate Fin Focused Approach
5th Edition
ISBN:9781285660516
Author:EHRHARDT
Publisher:EHRHARDT
Chapter3: Analysis Of Financial Statements
Section: Chapter Questions
Problem 8P
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Suppose Isha Corporation reports beginning assets of $55,000, ending assets of $70,000, net sales of $150,000, and net income of $12,500. What is the return on assets?

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