A company had net income of $2,665,000, net sales of $25,500,000, and average total assets of $8,500,000. Its return on total assets equals
A company had net income of $2,665,000, net sales of $25,500,000, and average total assets of $8,500,000. Its return on total assets equals
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:A company had net income
of $2,665,000, net sales of
$25,500,000, and average
total assets of $8,500,000.
Its return on total assets
equals
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