Guru Company has been established since 2015. Total assets were $500,000, of which $300,000 consisted of fixed
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Guru Company has been established since 2015. Total assets were $500,000, of which $300,000 consisted of fixed assets. Guru uses straight-line depreciation and in 2015 estimated that its fixed assets have a useful life of 10 years. After-tax income has been $26,000 per year for each of the last 10 years. Other assets have not changed since 2015.
What is the ROA for 2015, 2016, 2017 and 2018?
Related Book For
Financial Accounting and Reporting a Global Perspective
ISBN: 978-1408076866
4th edition
Authors: Michel Lebas, Herve Stolowy, Yuan Ding
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