
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN: 9781337115773
Author: Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher: Cengage Learning
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Determine the return on total assets of this financial accounting question

Transcribed Image Text:A company, Hendrix Corporation, reports the following
income statement and balance sheet information for the
current year:
Net Income = $275,600
Interest Expense = $45,750
Average Total Assets = = $3,200,000
Determine the Return on Total Assets (ROA).
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