Question
A company reports the following income statement and balance sheet information for the current year: Net income $ 110,000 Interest expense 77,000 Average total assets
A company reports the following income statement and balance sheet information for the current year:
| Net income | $ 110,000 |
| Interest expense | 77,000 |
| Average total assets | 1,700,000 |
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Determine the return on total assets. Round percentage to one decimal place
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Payroll Accounting 2019
Authors: Bernard J. Bieg, Judith A. Toland
29th Edition
1337619779
