Question
Fiona's Department Store had a net income of $14,500 for the year ending December 31, 2022. The total assets on January 1, 2022 were $28,000.
Fiona's Department Store had a net income of $14,500 for the year ending December 31, 2022. The total assets on January 1, 2022 were $28,000. The total assets on December 31, 2022 were $16,000. Calculate Carters return on assets (ROA). Show your computations below. Round your answer to two decimal places.
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Cost Accounting A Managerial Emphasis
Authors: Charles T Horngren
5th Edition
0131796712, 978-0131796713
