
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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Transcribed Image Text:Mountain Hotels reports net income of $450,000, average total
assets of $2,500,000, and average total liabilities of $1,600,000.
Calculate Mountain's return on assets and return on equity ratios.
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