FINANCIAL ACCOUNTING: TOOLS FOR BUSINES
9th Edition
ISBN: 9781119595649
Author: Kimmel
Publisher: WILEY
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Cher Enterprises reported net income of $2,100,000. The average total liabilities were $6,800,000 and the average total stockholders' equity was $7,400,000. Interest expense was $250,000 and the tax rate was 30%. What is the return on assets ratio?
The manufacturing overhead is_.
Can you explain this general accounting question using accurate calculation methods?
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