Flanders Company's operating income for the current year was $475,000. The company's average total assets for the

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Flanders Company's operating income for the current year was $475,000. The company's average total assets for the same period were $3,500,000, and its total liabilities were $1,000,000. Calculate the company's return on assets?

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Financial and Managerial Accounting the basis for business decisions

ISBN: 978-0078111044

16th edition

Authors: Jan Williams, Susan Haka, Mark Bettner, Joseph Carcello

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Question Posted: Aug 18, 2017 01:41 PM

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Flanders Company's operating income for the current year was $475,000. The company's average total assets for the

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Financial and Managerial Accounting the basis for business decisions

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