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Dawson Electronic Services had revenues of $96,000 and expenses of $58,000 for the year. Its assets at the beginning of the year were $408,000. At
Dawson Electronic Services had revenues of $96,000 and expenses of $58,000 for the year. Its assets at the beginning of the year were $408,000. At the end of the year assets were worth $458,000. Calculate its return on assets.
8.8%
9.3%.
8.3%.
23.5%.
22.2%
Dawson Electronic Services had revenues of $96,000 and expenses of $58,000 for the year. Its assets at the beginning of the year were $408,000. At the end of the year assets were worth $458,000. Calculate its return on assets.
8.8%
9.3%.
8.3%.
23.5%.
22.2%Step by Step Solution
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