Horngren's Accounting (11th Edition)
Horngren's Accounting (11th Edition)
11th Edition
ISBN: 9780133856781
Author: Tracie L. Miller-Nobles, Brenda L. Mattison, Ella Mae Matsumura
Publisher: PEARSON
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Chapter 15, Problem E15.16E
To determine

Concept Introduction:

Rate of return on total assets ratio shows the relationship between net income and average investment in total assets. In other words we can say that a ratio which measures profitability with the help of given net income and average investment in assets, is known as rate of return on total assets.

To calculate:

Rate of return on total assets for 2016.

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