Posted: April 25th, 2017
Given these facts, calculate return on assets: Sales $8,200,000 Net income 3,050,000 Average total assets 7,100,000 Average total liabilities 3,500,000
Given these facts, calculate return on assets:
Sales $8,200,000
Net income 3,050,000
Average total assets 7,100,000
Average total liabilities 3,500,000
Student Answer: 22%
43%
85%
87%
Not enough information is given.
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