Question
Return on total assets A company reports the following income statement and balance sheet information for the current year: Net income $475,940 Interest expense 83,990
Return on total assets
A company reports the following income statement and balance sheet information for the current year:
Net income $475,940
Interest expense 83,990
Average total assets 4,210,000
Determine the return on total assets. If required, round the percentage to one decimal place.
___________%
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College Accounting Chapters 1-30
Authors: John Price, M. David Haddock, Michael Farina
15th edition
1259994975, 125999497X, 1259631117, 978-1259631115
