Question
Enhanced Water and Services had net income for the month of October of $38,700. Assets as of the beginning and end of the month totaled
Enhanced Water and Services had net income for the month of October of $38,700. Assets as of the beginning and end of the month totaled $380,000 and $480,000, respectively. Calculate Enhanced Water Services' ROA for the month of October.
____ /____ = ROA
____/____ = ____ %
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Auditing And Assurance Services
Authors: Timothy J Louwers, Robert J. Ramsay, David Sinason, Jerry R Strawser
1st Edition
0072954442, 9780072954449
