Enviro Tech's Total Assets for 2021, 2022 and 2023 is, respectively, $3,500,000, $3,750,000 and $4,525,000. Calculate and interpret Enviro Tech's 2023 return on assets ratio. If Enviro Tech's main competitor, Super Solar, has a 2023 return on assets of $0.40, which company is more profitable? Explain your Answer

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To calculate Enviro Techs return on assets ROA ratio for 2023 well use the formula ROA Net Income To... View the full answer