Paul Pierce Enterprises reports net income of $800,000, average total assets of $2,400,000, and average total liabilities of $400,000. Calculate the return on asset and return on equity ratios.

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The Answer of Paul Pierce Enterprises reports net income of $800,000, average total assets of $2,400,000, and average total liabilities of $400,000. Calculate the return on asset and return on equity ratios.

Paul Pierce Enterprises Reports Net Income of $800,000, Average Total