Question
The financial statements of The New Idea Company this year shows average shareholders equity of $837,283 thousand, net operating profit after tax of $66,275 thousand,
The financial statements of The New Idea Company this year shows average shareholders equity of $837,283 thousand, net operating profit after tax of $66,275 thousand, net income of $29,068 thousand, and average net operating assets of $354,414 thousand. Tax rate for the year is 33%. The companys Return on Net Operating Assets (RNOA) for the year is (round to two decimal places):
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The Internet Supply Chain Impact On Accounting And Logistics
Authors: D. Chorafas
5th Edition
0333949633, 9780333949634
