Advanced Water Services had net income for the month of October of $ 30,000. Assets as of

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Advanced Water Services had net income for the month of October of $ 30,000. Assets as of the beginning and end of the month totaled, $ 355,000, and $ 345,000, respectively. Calculate Advanced Water Services’ return on assets (ROA) for the month of October.


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Horngrens Financial and Managerial Accounting

ISBN: 978-0133255584

4th Edition

Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura

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