Franco Company's net income and net sales are $38,000 and $1,200,000, respectively, and average total assets are

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Franco Company's net income and net sales are $38,000 and $1,200,000, respectively, and average total assets are $250,000. What is Franco's return on assets?

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Foundations of Financial Management

ISBN: 978-1259024979

10th Canadian edition

Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta

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Posted Date: Feb 24, 2024 12:18 AM

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Franco Company's net income and net sales are $38,000 and $1,200,000, respectively, and average total assets are

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Expert Answer:

To calculate Franco Companys return on assets ROA we can use the following formula ROA Net I... View the full answer

Foundations of Financial Management

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