The selected company information for the current year is as follows: Net Income $ 16,553 net sales
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Question:
The selected company information for the current year is as follows: |
Net Income | $ 16,553 |
net sales | 718,855 |
Total liabilities, beginning year | 89,932 |
Total liabilities, end of year | 109,201 |
Total stockholders' equity, beginning year | 204,935 |
Total Equity, End of Year | 130,851 |
Required
Calculate the return on total assets |
Related Book For
Accounting for Governmental and Nonprofit Entities
ISBN: 978-1259917059
18th edition
Authors: Jacqueline L. Reck, James E. Rooks, Suzanne Lowensohn, Daniel Neely
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