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LO5. How do we use the rate of return on total assets to evaluate business performance? a) What is the formula for rate of

LO5. How do we use the rate of return on total assets to evaluate business performance? a) What is the formula for rate of return on total assets? b) If net income is $500, interest expense is $100, total assets on January 1st is $10,000, and total assets on December 31st is $14,000, what is the rate of return on total assets?

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