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Compute the return on total assets based on the following information. (Round the answer to one decimal place.) Net income $ 127,000 Interest expense 9,700
Compute the return on total assets based on the following information. (Round the answer to one decimal place.)
| Net income | $ 127,000 |
| Interest expense | 9,700 |
| Total | $ 136,700 |
| Total assets: | |
| Beginning of year | $2,359,000 |
| End of year | 1,193,000 |
| Total | $3,552,000 |
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Auditing A Practical Approach
Authors: Robyn Moroney, Fiona Campbell, Jane Hamilton
4th Edition
0730382648, 978-0730382645
