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Fivio Company reports the following information. Current Year 1 Year Ago 2 Years Ago Total assets, December 31 $ 840,000 $ 352,000 $ 552,000 Net
Fivio Company reports the following information. Current Year 1 Year Ago 2 Years Ago Total assets, December 31 $ 840,000 $ 352,000 $ 552,000 Net income 30,200 47,600 43,056 Compute return on total assets for the current year and for 1 year ago. Is Fivio more efficient or less efficient in using total assets to produce income in the current year versus 1 year ago
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