3 years ago

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

1 answer:

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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