Swiss Group reports net income of $40,000 for 2017. At the beginning of 2017, Swiss Group had

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Swiss Group reports net income of $40,000 for 2017. At the beginning of 2017, Swiss Group had $200,000 in assets. By the end of 2017, assets had grown to $300,000. What is Swiss Group's 2017 return on assets? How would you assess its performance if competitors average an 11% return on assets?
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Fundamental Accounting Principles

ISBN: 978-1259536359

23rd edition

Authors: John Wild, Ken Shaw, Barbara Chiappett

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