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uestions i Help Save & Exit Submit Flitter reported net income of $20,000 for the past year. At the beginning of the year the
uestions
i
\ Help\ Save & Exit\ Submit\ Flitter reported net income of
$20,000
for the past year. At the beginning of the year the company had
$205,000
in assets and
$55,000
in liabilities. By year end, assets had increased to
$305,000
and liabilities were
$80,000
. Calculate its return on assets:
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