Zander Inc.'s total assets at the beginning of the year amount to $328,497,000, and its total assets

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Zander Inc.'s total assets at the beginning of the year amount to $328,497,000, and its total assets at the end of the year amount to $321,389,000. If its return on assets for the year is 20%, then its net income for the year is _____.

a.$129,977,200

b.$64,988,600

c.$65,699,400

d.$64,277,800

Related Book For answer-question

Financial Accounting An Integrated Statements Approach

ISBN: 978-0324312119

2nd Edition

Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren

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Posted Date: Jan 10, 2021 07:27 PM

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Zander Inc.'s total assets at the beginning of the year amount to $328,497,000, and its total assets

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Answer Opening Value of Asset 328497000 ... View the full answer

Financial Accounting An Integrated Statements Approach

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