Calculate the Return on assets in percentage CURRENT ASSETS Cash Account receivable Inventory FIXED ASSETS Building &
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CURRENT ASSETS Cash Account receivable Inventory FIXED ASSETS Building & equipment BALANCE SHEET Interest Corporate tax $5195 $4706 $6919 $36995 CURRENT LIABILITIES Account payable Others Total long-term debt You have the following information from the Income Statement Sales $42828 Cost of goods sold $19646 R&D expenses $1606 $1274 $1364 $9960 $2717 $21628 CURRENT ASSETS Cash Account receivable Inventory FIXED ASSETS Building & equipment BALANCE SHEET Interest Corporate tax $5195 $4706 $6919 $36995 CURRENT LIABILITIES Account payable Others Total long-term debt You have the following information from the Income Statement Sales $42828 Cost of goods sold $19646 R&D expenses $1606 $1274 $1364 $9960 $2717 $21628
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To calculate the Return on Assets ROA in percentage you can use the following formula ROA Net Income ... View the full answer
Related Book For
Financial Reporting Financial Statement Analysis and Valuation
ISBN: 978-0324302950
6th edition
Authors: Clyde P. Stickney
Posted Date:
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