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Selected financial data for BaK is provided below: Sales.... Interest expense.... Tax expense... Net income.. Total assets (beginning of year).. Total assets (end of year).....
Selected financial data for BaK is provided below: Sales.... Interest expense.... Tax expense... Net income.. Total assets (beginning of year).. Total assets (end of year)..... Total liabilities (end of year).... Total stockholders' equity (end of year)... $ 660,000 3,000 24,000 84,000 880,000 820,000 530,000 220,000 0 Based on the financial data presented above please calculate the return on assets for Bak and interpret your finding? (what that number means for the company?)
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