During the past year, Labrador Retriever Kennels had a net income of $75,000. Its ROI was 12%.

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During the past year, Labrador Retriever Kennels had a net income of $75,000. Its ROI was 12%. What was the value of the company’s total assets?

a. $625,000

b. $9,000

c. $84,000

d. $650,000

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Accounting For Managers Interpreting Accounting Information For Decision Making

ISBN: 9781118037966

1st Canadian Edition

Authors: Paul M. Collier, Sandy M. Kizan, Eckhard Schumann

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Question Posted: May 31, 2024 03:08 AM

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During the past year, Labrador Retriever Kennels had a net income of $75,000. Its ROI was 12%.

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Accounting For Managers Interpreting Accounting Information For Decision Making

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