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The following data pertains to Frost Hotel for the year ended December 31, 2020. Room Revenue $60,000 Net Income $15,000 Total Assets (January 1, 2020)
The following data pertains to Frost Hotel for the year ended December 31, 2020. Room Revenue $60,000 Net Income $15,000 Total Assets (January 1, 2020) $200,000 Total Assets (December 31, 2020) $300,000 Calculate Frost Hotel's return on assets for 2020. 6% 12% 3% O 10%
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