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marissa [1.9K]
3 years ago
12

A company reports the following income statement and balance sheet information for the current year:

Mathematics
1 answer:
Pachacha [2.7K]3 years ago
5 0

Answer:

9.4

Step-by-step explanation:

The net income for theis company is $216,060

The average total assets is 2,290,000

Therefore the return on total assets is

= 216,060/2,290,000

= 0.0943×100

=9.4

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After 10 months the simple interest earned annually on an investment of $6000 was $769. Find the interest rate to the nearest te
Lady bird [3.3K]
Simple interest = $769
Principal = $6000
Rate = ?
Time = 10 months (must convert to years if in months) = 10/12 = 0.833
Formula
I = prt
Substitute
769 = 6000 × r × 0.833
769 = 4998r
Divide both sides by 4998
769/4998 = 4998r/4998
0.15386 = r
(to the nearest tenth of a percent) = 0.15
Therefore, your rate is 0.15%.
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3 years ago
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sleet_krkn [62]

Answer:

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3 years ago
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Answer:

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