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The following amounts were taken from the financial statements of Nicklaus Company: 2017 2016 Current liabilities $280,000 $220,000 Long-term liabilities 800,000 600,000 Interest expense 100,000
The following amounts were taken from the financial statements of Nicklaus Company:
| 2017 | 2016 | |||
| Current liabilities | $280,000 | $220,000 | ||
| Long-term liabilities | 800,000 | 600,000 | ||
| Interest expense | 100,000 | 50,000 | ||
| Income tax expense | 120,000 | 58,000 | ||
| Net income | 300,000 | 170,000 | ||
| Net cash provided by operating activities | 480,000 | 270,000 |
How much is return on assets for 2017?
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Auditing And Assurance Services With ACL CD
Authors: McGraw Hill
1st Edition
1259071200, 978-1259071201
