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Improved Water Services had net income for the month of October of $76, 800. Assets as of the beginning and end of the month totaled,
Improved Water Services had net income for the month of October of $76, 800. Assets as of the beginning and end of the month totaled, $325,000, and $443,000, respectively. Calculate Improved Water Services' return on assets (ROA) for the month of October. (Round the ROA to the nearest hundredth percent XXX%.) Net income/Average total assets = ROA
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