In 2020, Bubble Incorporated had net income of $500,000, assets of $5,000,000, sales of $2,000,000, and debt
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In 2020, Bubble Incorporated had net income of $500,000, assets of $5,000,000, sales of $2,000,000, and debt of 2,000,000. In 2021, Bubble Incorporated had net income of $600,000, assets of $7,000,000, sales of $1,300,000, and debt of 2,000,000.
Did Bubble Incorporated’s return on assets improve from 2020 to 2021?
Related Book For
Understanding Financial Accounting
ISBN: 9781119406921
2nd Canadian Edition
Authors: Christopher D. Burnley
Posted Date: