Using the following data for Hayes, Inc., compute its asset turnover ratio and the return on...
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Using the following data for Hayes, Inc., compute its asset turnover ratio and the return on assets ratio. Hayes, Inc. Net Income 2017 $123,000 Total Assets 12/31/17 Total Assets 12/31/16 2,243,000 1,880,000 Net Sales 2017 2,135,000 Asset Turnover (Round to 2 decimal places, e.g. 15.35) times Return on Assets (Round to 1 decimal place, e.g. 15.3%) % Using the following data for Hayes, Inc., compute its asset turnover ratio and the return on assets ratio. Hayes, Inc. Net Income 2017 $123,000 Total Assets 12/31/17 Total Assets 12/31/16 2,243,000 1,880,000 Net Sales 2017 2,135,000 Asset Turnover (Round to 2 decimal places, e.g. 15.35) times Return on Assets (Round to 1 decimal place, e.g. 15.3%) %
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Related Book For
Accounting
ISBN: 978-1285743615
26th edition
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
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