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Halford Metal Products Co. reported net income of $300,000 for the most recent year. The firm has total assets of $4 million and total equity
Halford Metal Products Co. reported net income of $300,000 for the most recent year. The firm has total assets of $4 million and total equity of $3 million. Halford has $1.5 million in current assets and $300,000 in current liabilities. The firm's total sales revenue was $2.5 million. Compute Halford's return on assets (ROA)
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