Return on total assets Obj. 5 A company reports the following income statement and balance sheet information
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Return on total assets Obj. 5 A company reports the following income statement and balance sheet information for the current year:
Net income $ 250,000 Interest expense 100,000 Average total assets 2,500,000 Determine the return on total assets. Round to one decimal place.
AppendixLO1
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Related Book For
Corporate Financial Accounting
ISBN: 9781337398176
15th Edition
Authors: Carl Warren, Jefferson Jones
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