Fallon Company had the following information for the years ended December 31. a. Determine the return on
Question:
a. Determine the return on assets ratio for 2014 and 2013.
b. Does the change in the return on assets ratio from 2013 to 2014 indicate a favourable or unfavourable trend?
Transcribed Image Text:
Total assets Net income 2014 $5,620,000 $ 234,000 2013 $4,250,000 211,000 2012 $3,780,000
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Related Book For
Accounting
ISBN: 978-0176509743
Volume 1, 2nd canadian Edition
Authors: Carl warren, James Reeve, Jonathen Duchac, Sheila Elworthy,
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