Bengaluru Company reported the following information on its financial statements: Total Assets, December 31, 2024 $520,000 Total
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Question:
Bengaluru Company reported the following information on its financial statements:
Total Assets, December 31, 2024
$520,000
Total Assets, December 31, 2025
600,000
Interest Expense For Year Ended December 31, 2025
9,600
Net Income For Year Ended December 31, 2025
80,000
What is Bengaluru's rate of return on total assets?
Related Book For
Financial Accounting Tools for Business Decision Making
ISBN: 978-1119368458
7th Canadian edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine
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