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The following is selected data for Tomco Industries. The return on assets (rounded to the nearest tenth of a percent) for 2012 was: Sales Net Income Total Current Assets 2012 2011 $1,158,000 $1,076,000 114,000 106,000 162,000 147,000 638,000 Property, Plant and Equipment 643,000 a. 14.2 b. 14.3 c. 17.7 d. 17.8

The following is selected data for Tomco Industries. The return on assets (rounded to the nearest tenth of a percent) for 2012 was: Sales Net Income Total Current Assets 2012 2011 $1,158,000 $1,076,000 114,000 106,000 162,000 147,000 638,000 Property, Plant and Equipment 643,000 a. 14.2 b. 14.3 c. 17.7 d. 17.8

Survey of Accounting (Accounting I)
Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter15: Capital Investment Analysis
Section: Chapter Questions
Problem 15.5.1MBA
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The following is selected data for Tomco Industries. The return on assets (rounded to the nearest tenth of a percent) for 2012 was: Sales Net Income Total Current Assets 2012 2011 $1,158,000 $1,076,000 114,000 106,000 162,000 147,000 638,000 Property, Plant and Equipment 643,000 a. 14.2 b. 14.3 c. 17.7 d. 17.8
Transcribed Image Text:The following is selected data for Tomco Industries. The return on assets (rounded to the nearest tenth of a percent) for 2012 was: Sales Net Income Total Current Assets 2012 2011 $1,158,000 $1,076,000 114,000 106,000 162,000 147,000 638,000 Property, Plant and Equipment 643,000 a. 14.2 b. 14.3 c. 17.7 d. 17.8
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