Question
Return on Total Assets A company reports the following income statement and balance sheet information for the current year: Net income $281,420 Interest expense 49,660
Return on Total Assets
A company reports the following income statement and balance sheet information for the current year:
| Net income | $281,420 |
| Interest expense | 49,660 |
| Average total assets | 3,560,000 |
Determine the return on total assets. If required, round the answer to one decimal place. fill in the blank 1 %
with work pls
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Basel III, The Devil And Global Banking
Authors: D. Chorafas
2nd Edition
0230353770, 9780230353770
