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Question 3 8 pts Last Year This Year |Assets $536,371 $703,089 Liabilities $265,566 $214,765 Net Income $145,010 $142,949 The accounting department for your company has
Question 3 8 pts Last Year This Year |Assets $536,371 $703,089 Liabilities $265,566 $214,765 Net Income $145,010 $142,949 The accounting department for your company has given you the preliminary financial statement information. However, they have not estimated bad debt in the amount of $21,022 for this year. Calculate your return on assets ratio for this year after estimating bad debt expense. (enter 4 decimal places and no percentage sign. e.g. enter .0854796 as .0855)
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