need answer about this question Swiss Group reports a net income of $40,000 for2017. At the beginning of 2017, Swiss Group had$200,000 in assets. By the end of 2017, assets hadgrown to $300,000.What is Swiss Group's 2017 return on assets?

Return on Assets (ROA) is a financial ratio that shows how profitable a company is relative to its…

Answered: Swiss Group reports a net income of…

EBK CONTEMPORARY FINANCIAL MANAGEMENT

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ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter16: Working Capital Policy And Short-term Financing

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QUESTION: SWISS GROUP REPORTS A NET INCOME OF $40,000 FOR 2017. AT THE BEGINNING OF 2017, SWISS GROUP HAD $200,000 IN ASSETS. BY THE END OF 2017, ASSETS HAD GROWN TO $300,000. WHAT IS SWISS GROUP'S 2017 RETURN ON ASSETS?
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Swiss Group reports a net income of $40,000 for 2017. At the beginning of 2017, Swiss Group had $200,000 in assets. By the end of 2017, assets had grown to $300,000. What is Swiss Group's 2017 return on assets?