From the information provided below, how would you calculate the entity's return on assets (rounded to the
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Question:
From the information provided below, how would you calculate the entity's return on assets (rounded to the nearest whole number)?
Net profit after tax. $109,000
Net profit before interest and tax 152,000
Beginning balance of total assets 620,000
Ending balance of total assets 840,000
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date: