Question: Calculating the Average Total Assets and the Return on Assets The income statement, statement of retained earninos, and balance sheet for Somerville Comparry are as

Calculating the Average Total Assets and the Return on Assets The
income statement, statement of retained earninos, and balance sheet for Somerville Comparry

Calculating the Average Total Assets and the Return on Assets The income statement, statement of retained earninos, and balance sheet for Somerville Comparry are as follows. Also, assume a tax rate of 42%. Note: Round the return on total assets to trio dedimal places 1. Calculate the averaoe total asseks. 2. Calculate the retairn on total assets

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