Question: Please explain the solution to this general accounting problem using the correct accounting principles. Global Tech Solutions reported a net income of $45,000 for the

Please explain the solution to this general accounting problem using the correct accounting principles.

Global Tech Solutions reported a net income of $45,000 for the previous year. At the beginning of the year, the company had assets worth $500,000. By the end of the year, assets had increased by $150,000. Calculate the return on assets (ROA)

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