Question
Zucker Global Products, Inc. had net sales of $299,999; net income of $20,600; total assets of $795,180; and total liabilities of $602,100. Compute the rate
Zucker Global Products, Inc. had net sales of $299,999; net income of $20,600; total assets of $795,180; and total liabilities of $602,100.
Compute the rate of return on investment. Express your answer as a percentage. (Round answer to two decimal places.)
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Financial & Managerial Accounting
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
13th edition
9781133607618, 978-1285868776
