Question
Return on total assets ratio: net income/ average total assets 21,331/(321,195+225,248)/2= 0.07807= 7.8% (2020 year) 11588/(162,648+225,248)/2= 0.059= 6.0% (2019 year) Write financial analysis report. Return
Return on total assets ratio: net income/ average total assets
21,331/(321,195+225,248)/2= 0.07807= 7.8% (2020 year)
11588/(162,648+225,248)/2= 0.059= 6.0% (2019 year)
Write financial analysis report.
Return on total asset ratio - Net Income Average Total Assets 21.331 = 21,331 -0.07807 [G321, 195 +$225,248 & 2 273, 221 17.8% - 511588 = 11,588 -0.05974 (6225,248 + $ 162, 648) + 2 193,948 +2 16.0%Step by Step Solution
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Financial Accounting Tools For Business Decision Making
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
3rd Edition
047169195X, 978-0471691952
