Financial and Managerial Accounting: Information for Decisions
Financial and Managerial Accounting: Information for Decisions
6th Edition
ISBN: 9780078025761
Author: John J Wild, Ken Shaw Accounting Professor, Barbara Chiappetta Fundamental Accounting Principles
Publisher: McGraw-Hill Education
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Chapter 13, Problem 17DQ
To determine

Return on Total Assets:

Return on total assets assesses how well company utilizes its assets in generating earnings before interest and tax. It is the earnings earned by the company in comparison with total assets invested in it.

Return on total assets=Net incomeAverage total assets

To compute: Return on total assets.

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