Cruz Company had revenues of $108,000 and expenses of $64,000 for the year. Its assets at the

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Cruz Company had revenues of $108,000 and expenses of $64,000 for the year. Its assets at the beginning of the year were $414,000.
At the end of the year, assets were worth $464,000? Calculate its return on assets

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Fundamental financial accounting concepts

ISBN: 978-0078025365

8th edition

Authors: Thomas P. Edmonds, Frances M. Mcnair, Philip R. Olds, Edward

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Posted Date: Feb 21, 2023 11:50 PM

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Cruz Company had revenues of $108,000 and expenses of $64,000 for the year. Its assets at the

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Fundamental financial accounting concepts

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