LaDanions Limos reports net income of $130,000, average total assets of $700,000, and average total liabilities of

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LaDanion’s Limos reports net income of $130,000, average total assets of $700,000, and average total liabilities of $340,000. Calculate LaDanion’s return on assets and return on equity ratios.

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Financial Accounting

ISBN: 978-0078025549

3rd edition

Authors: J. David Spiceland, Wayne Thomas, Don Herrmann

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Question Posted: Jul 15, 2014 04:52 AM

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LaDanions Limos reports net income of $130,000, average total assets of $700,000, and average total liabilities of

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Financial Accounting

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