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Use the data given below: Net sales for the period $1,100,000 Net expenses for the period $1,000,000 Cash flow from operating activities $120,000 Average liabilities $750,000 Average shareholders' equity $250,000 What was the return on assets for the period?

Use the data given below: Net sales for the period $1,100,000 Net expenses for the period $1,000,000 Cash flow from operating activities $120,000 Average liabilities $750,000 Average shareholders' equity $250,000 What was the return on assets for the period?

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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Use the data given below: Net sales for the period $1,100,000 Net expenses for the period $1,000,000 Cash flow from operating activities $120,000 Average liabilities $750,000 Average shareholders' equity $250,000 What was the return on assets for the period?
Transcribed Image Text:Use the data given below: Net sales for the period $1,100,000 Net expenses for the period $1,000,000 Cash flow from operating activities $120,000 Average liabilities $750,000 Average shareholders' equity $250,000 What was the return on assets for the period?
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