Question
Could someone explain the formula for the below question? this would be greatly appreciated. Flanders CompanVs operating income for the current year was S475,OOO_ The
Could someone explain the formula for the below question? this would be greatly appreciated.
Flanders CompanVs operating income for the current year was S475,OOO_ The companVs average total assets for the same period were and its total liabilities were Calculate the company's return on assets. (Round your percentage value answer to 1 decimal place, i.e. 0.1234 as 12.3%.)
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Financial Accounting
Authors: Michelle L. Hanlon, Robert P. Magee, Glenn M. Pfeiffer, Thomas R. Dyckman
6th Edition
1618533118, 978-1618533111
