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Horseshoe Inc. has sales of $17500000, total assets of $12700000, and total debt of $4500000. If the net income is 700000, what is the
Horseshoe Inc. has sales of $17500000, total assets of $12700000, and total debt of $4500000. If the net income is 700000, what is the return on assets? Convert to a percent and round to two places past the decimal point. Your Answer: Answer
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The return on assets ROA can be calculated by dividing the net income ...
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Survey of Accounting
Authors: Carl S. Warren
7th edition
1285974360, 1285183487, 9781285974361, 978-1285183480
