A firm generates 12 cents in net income per dollar of sales and needs $1.40 in assets

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A firm generates 12 cents in net income per dollar of sales and needs $1.40 in assets to generate a dollar of sales. calculate the firm’s return on assets?

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Fundamental Accounting Principles

ISBN: 978-0078110870

20th Edition

Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta

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Posted Date: Feb 20, 2023 12:36 AM

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A firm generates 12 cents in net income per dollar of sales and needs $1.40 in assets

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To calculate the return on assets ROA we need to divide the net ... View the full answer

Fundamental Accounting Principles

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