In 2017, Artesia, Inc., reported $300 million in sales, $17 million in net income, $1 million in

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In 2017, Artesia, Inc., reported $300 million in sales, $17 million in net income, $1 million in interest expense, and average total assets of $120 million. What is Artesia's return on assets in 2017? Assume an industry average of 16%. Did the company's return on assets improve or deteriorate? What could be some reasons for the change?
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Financial Accounting

ISBN: 978-0134564142

6th Canadian edition

Authors: Walter Jr. Harrison, Charles T. Horngren, C. William Thomas, Greg Berberich, Catherine Seguin

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