Fallon Company had the following information for the years ended December 31. a. Determine the return on

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Fallon Company had the following information for the years ended December 31.

a. Determine the return on assets ratio for 2014 and 2013.
b. Does the change in the return on assets ratio from 2013 to 2014 indicate a favourable or unfavourable trend?

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Accounting

ISBN: 978-0176509743

Volume 1, 2nd canadian Edition

Authors: Carl warren, James Reeve, Jonathen Duchac, Sheila Elworthy,

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Question Posted: Sep 15, 2015 01:56 AM

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Fallon Company had the following information for the years ended December 31. a. Determine the return on

Question:

Total assets Net income 2014 $5,620,000 $ 234,000 2013 $4,250,000 211,000 2012 $3,780,000

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a Return on Assets 2013 Return on Assets 526 2014 ...View the full answer

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