Refined Water Services had net income for the month of October of $74,000. Assets as of the

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Refined Water Services had net income for the month of October of $74,000. Assets as of the beginning and end of the month totaled $350,000, and $390,000, respectively. Calculate Refined Water Services' return on assets (ROA) for the month of October.
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Horngrens Financial and Managerial Accounting

ISBN: 978-0133866292

5th edition

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

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