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A company reports the following income statement and balance sheet information for the current year: Net income $121,920 Interest expense 10,605 Average total assets
A company reports the following income statement and balance sheet information for the current year: Net income $121,920 Interest expense 10,605 Average total assets 1,767,000 Determine the return on total assets. Round the percentage to one decimal place. %
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Answer Net Income 121920 Average total assets 1767000 R...
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Accounting
Authors: Carl S. Warren, Christine Jonick, Jennifer Schneider
28th Edition
1337902683, 978-1337902687
