Fivio Co. reports the following information. (1) Compute return on total assets for the current year and
Question:
Fivio Co. reports the following information.
(1) Compute return on total assets for the current year and for 1 year ago.
(2) Is Fivio more efficient or less efficient in using total assets to produce income in the current year versus 1 year ago?
Transcribed Image Text:
A B C D 1 Current Year 1 Year Ago 2 Years Ago 2 Total assets, December 31 $770,000 $340,000 $210,000 3 Net income 55,500 38,400 30,200
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