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?
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?
Chapter16: Working Capital Policy And Short-term Financing
Section: Chapter Questions
Problem 1P
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Transcribed Image Text: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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