Question

During 2012, a company generated net income of $158,000. Total assets at the beginning of the year were $1,480,000 while they were $1,515,000 at the end of the year.
Required
Calculate the company's return on assets and briefly explain the result. Round percentages to one decimal point (i.e., 12.8%).


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  • CreatedJuly 16, 2015
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