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Question - Return on total assets
A company reports the following income statement and balance sheet information for the current year:
Net income $304,980
Interest expense 53,820
Average total assets 3,450,000
Determine the return on total assets. If required, round the percentage to one decimal place.
1. a liquidity ratio measures thea.percentage of total financing provided by creditors.b.income or operating success of
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Fixed Assets
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