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Can anyone solve this?? Selected information for Advanced Spa Services and Dalton Spa Services follows: Advanced Spa Services Total Assets Total Stockholders' Equity Total Revenues
Can anyone solve this??
Selected information for Advanced Spa Services and Dalton Spa Services follows: Advanced Spa Services Total Assets Total Stockholders' Equity Total Revenues Net Income $180,000 $71,000 $88,000 $12,000 Dalton Spa Services Total Assets Total Stockholders' Equity Total Revenues Net Income $153,000 $119,000 $74,000 $22,000 The total assets and total stockholders' equity balances are at December 31, 2024. Total revenues and net income are for the year ended December 31, 2024. No dividends were paid. Average net assets are $200,000 for Advanced and $173,000 for Dalton. What is the ROA for each businessStep by Step Solution
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