Tom's Tool Factory is an investment center and is responsible for all of its net income and

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"Tom's Tool Factory is an investment center and is responsible for all of its net income and the use of its assets. This year, the invested assets totaled $475,000, and net income was $275,000. What is the rate of return on assets?"

a) 57.9%

b) 172.3%

c) 5.0%

d) 115.0%

Related Book For answer-question

Financial Accounting Information For Decisions

ISBN: 978-0324672701

6th Edition

Authors: Robert w Ingram, Thomas L Albright

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Posted Date: Oct 04, 2018 04:06 AM

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Tom's Tool Factory is an investment center and is responsible for all of its net income and

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a 579 Return ... View the full answer

Financial Accounting Information For Decisions

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