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FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Need help with this general accounting question?

Transcribed Image Text:Global Tech Solutions reported a net income of $45,000
for the previous year. At the beginning of the year, the
company had assets worth $500,000. By the end of the
year, assets had increased by $150,000.
Calculate the return on assets (ROA).
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