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Financial & Managerial Accounting 17th Edition by Jan Williams ,Susan Haka,Mark Bettner,Joseph Carcello
Edition 17ISBN: 978-0078025778Financial & Managerial Accounting 17th Edition by Jan Williams ,Susan Haka,Mark Bettner,Joseph Carcello
Edition 17ISBN: 978-0078025778 Exercise 19
Return on Assets
Flanders Company's operating income for the current year was $475,000. The company's average total assets for the same period were $3,500,000, and its total liabilities were $1,000,000. Calculate the company's return on assets.
Flanders Company's operating income for the current year was $475,000. The company's average total assets for the same period were $3,500,000, and its total liabilities were $1,000,000. Calculate the company's return on assets.
Explanation
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Return on assets is the percentage expre...
Financial & Managerial Accounting 17th Edition by Jan Williams ,Susan Haka,Mark Bettner,Joseph Carcello
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