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Find Green's return on total asset during 2010 Net sales (all on account) Interest expense Income tax expense Net income Income tax rate Total assets:
Find Green's return on total asset during 2010
Net sales (all on account) Interest expense Income tax expense Net income Income tax rate Total assets: January 1, 2010 December 31, 2010 Stockholders' equity: January 1, 2010 December 31, 2010 $5,200,000 240,000 280,000 420,000 40% $1,800,000 2,400,000 1,500,000 1,600,000 Current assets, December 31, 2010 Quick assets, December 31, 2010 Current liabilities, December 31, 2010 Net accounts receivable: January 1, 2010 December 31, 2010 700,000 400,000 300,000 200,000 180,000 Green's return on total assets during 2010 was:
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Accounting Principles
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
9th Edition
978-0470317549, 9780470387085, 047031754X, 470387084, 978-0470533475
