Swiss Group reports net income of $40,000 for 2013. At the beginning of 2013, Swiss Group had

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Swiss Group reports net income of $40,000 for 2013. At the beginning of 2013, Swiss Group had $200,000 in assets. By the end of 2013, assets had grown to $300,000. What is Swiss Group’s 2013 return on assets? How would you assess its performance if competitors average a 10% return on assets?

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Fundamental accounting principle

ISBN: 978-0078025587

21st edition

Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta

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