Ochoa Optical, Inc , provides a full line of designer eyewear to optical dispensaries Ochoa reported the following information for 2019 and 2020 Compute return on assets for 2019 and 2020 Did the return on assets improve in 2020 What would cause this ratio to change 2020 2019 Sales revenue Net inco...

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Ochoa Optical, Inc., provides a full line of designer eyewear to optical dispensaries. Ochoa reported the following

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Ochoa Optical, Inc., provides a full line of designer eyewear to optical dispensaries. Ochoa reported the following information for 2019 and 2020: image text in transcribed

Compute return on assets for 2019 and 2020. Did the return on assets improve in 2020?
What would cause this ratio to change?

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Financial Accounting

ISBN: 9780135433065

7th Canadian Edition

Authors: Walter Harrison, Wendy Tietz, C. Thomas, Greg Berberich, Catherine Seguin

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Question Posted: May 10, 2024 04:01 AM

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Ochoa Optical, Inc., provides a full line of designer eyewear to optical dispensaries. Ochoa reported the following

Question:

2020 2019 Sales revenue. Net income. Interest expense.. Average total assets. $500,000 $ 44,500 $ 500 $250,000 $450,000 $ 42,000 $ 500 $240,000

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Financial Accounting

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