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A company reports the following income statement and balance sheet information for the current year: Line Item Description Amount Net income $492,750 Interest expense 86,950
A company reports the following income statement and balance sheet information for the current year:
| Line Item Description | Amount |
|---|---|
| Net income | $492,750 |
| Interest expense | 86,950 |
| Average total assets | 5,270,000 |
Determine the return on total assets. If required, round the answer to one decimal place. _______%
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The Iso 9000 Auditors Companion
Authors: Kent A. Keeney
1st Edition
0873893247, 978-0873893244
