Question
8.A company reports the following income statement and balance sheet information for the current year: Net income $294,120 Interest expense 51,900 Average total assets 4,380,000
8.A company reports the following income statement and balance sheet information for the current year:
Net income $294,120 Interest expense 51,900 Average total assets 4,380,000
Determine the return on total assets. If required, round the percentage to one decimal place.
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Accounting Information Systems
Authors: Marshall RomneyPaul Steinbart
11th Edition
136015182, 978-0136015185
