Question
In 2017, Artesia, lnc., reported $300 million in sales, $17 million in net income, si million in interest expense, and average total assets of $120
In 2017, Artesia, lnc., reported $300 million in sales, $17 million in net income, si million in interest expense, and average total assets of $120 million. What is Artesia's renurn on assets in 2017? Assume an industry average of 16%. Did the company's return on Ssets improve or deteriorate? What could be some reasons for the change?
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AI In The Financial Markets
Authors: Federico Cecconi
1st Edition
3031265173, 978-3031265174
