A company reports the following income statement and balance sheet information for the current year: Net income
Question:
Net income .................................... $ 400,000
Total assets, beginning of year .............. 3,450,000
Total assets, end of year....................... 3,700,000
Determine the return on assets.
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Related Book For
Accounting Volume 2
ISBN: 978-0176509743
2nd Canadian edition
Authors: James Reeve, Jonathan Duchac, Sheila Elworthy, Carl S. Warren
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