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lorasvet [3.4K]
3 years ago
10

coomer co had net sales of 600000 net income of 35260 and average total assets of 680000 what is the return on total assets

Business
2 answers:
Phantasy [73]3 years ago
8 0

Answer:

coomer heehee

Explanation:

Charra [1.4K]3 years ago
5 0

Answer:Return on Total assets ==5.19%

Explanation:

Return on Total assets shows  one the idea of the  profitability of  a company's assets in generating revenue before  interest and taxes. it is expressed in percentage and its formula is given as

Return on Assets = Net Income (Earning before interest and taxes) / Average total assets

                        = 35,260/ 680,000 = 0.05185 x 100

                        =5.19%

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