The Martin Company reported net income of $16,200 on gross sales of $89,000. The company has average
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The Martin Company reported net income of $16,200 on gross sales of $89,000. The company has average total assets of $124,200, of which $109,000 is property, plant and equipment. What is the company's return on investment? (Round your final answer to 1 decimal place.)
Related Book For
Intermediate Accounting
ISBN: 978-0324312140
16th Edition
Authors: James D. Stice, Earl K. Stice, Fred Skousen
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