Chapter 15, Problem 10ICA

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Falcon Enterprises reported the following financial data: Financial Data: • Beginning Total Assets: $500,000 • Ending Total Assets: $520,000 • Net Income: $105,000 • Tax Rate: 30% Calculate: Return on Total Assets (ROA)

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Cost Accounting

Glenwood Industries made a $310,000 investment in new machinery. Assuming the company's margin is 6.5%, what income will be earned if the investment generates $600,000 in additional sales?