Net income was $850,000. Beginning and ending assets were $8,500,000 and $9,600,000, respectively. What was the return

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Net income was $850,000. Beginning and ending assets were $8,500,000 and $9,600,000, respectively. What was the return on assets (ROA)?
a. 9.39%
b. 10.59%
c. 9.94%
d. 10.41%

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Financial Accounting

ISBN: 9781264229734

11th Edition

Authors: Robert Libby, Patricia Libby, Frank Hodge

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Question Posted: Sep 21, 2022 01:43 AM

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Net income was $850,000. Beginning and ending assets were $8,500,000 and $9,600,000, respectively. What was the return

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Financial Accounting

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