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Westlake Enterprises reports the following financial information: • • • Sales: $120,000 Beginning Assets: $220,000 Ending Assets: $280,000 Net Income: $7,200 Calculate the return on assets (ROA) to the nearest whole number.

Westlake Enterprises reports the following financial information: • • • Sales: $120,000 Beginning Assets: $220,000 Ending Assets: $280,000 Net Income: $7,200 Calculate the return on assets (ROA) to the nearest whole number.

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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Westlake Enterprises reports the following financial information: • • • Sales: $120,000 Beginning Assets: $220,000 Ending Assets: $280,000 Net Income: $7,200 Calculate the return on assets (ROA) to the nearest whole number.
Transcribed Image Text:Westlake Enterprises reports the following financial information: • • • Sales: $120,000 Beginning Assets: $220,000 Ending Assets: $280,000 Net Income: $7,200 Calculate the return on assets (ROA) to the nearest whole number.
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