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.

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Corporate Financial Accounting

ISBN: 9781337398176

15th Edition

Authors: Carl Warren, Jefferson Jones

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