Timberland is a leading designer of shoes and clothing. In a recent year, it reported the following:
Question:
Timberland is a leading designer of shoes and clothing. In a recent year, it reported the following:
Required:
1. Determine the return on assets ratio for the current year.
2. Explain the meaning of theratio.
Transcribed Image Text:
Current Year Prior Year Revenue Net income Total assets Total stockholders' equity $1,342,123 190,896 95,113 538,671 372,785 117,879 641,716 428,463
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