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A company reports the following income statement and balance sheet information for the current year: Net income $387,080 Interest expense 68,310 Average total assets 4,030,000
A company reports the following income statement and balance sheet information for the current year: Net income $387,080 Interest expense 68,310 Average total assets 4,030,000 Determine the return on total assets. If required, round the answer to one decimal place.
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To calculate the return on total assets ROTA we use the following formula ROTA Net income Average to...
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Financial Reporting Financial Statement Analysis And Valuation A Strategic Perspective
Authors: James M. Wahlen, Stephen P. Baginski, Mark Bradshaw
9th Edition
1337614689, 1337614688, 9781337668262, 978-1337614689
