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Elan Coil [88]
2 years ago
9

River Corp's total assets at the end of last year were $415,000 and its net income was $32,750. What was its return on total ass

ets
Business
1 answer:
Zigmanuir [339]2 years ago
7 0

The return on total assets of River Corps is 0.0789.

<h3>What was its return on total assets?</h3>

The return on total assets is an example of financial ratio. It is the net income divided by total assets. It is an example of a profitability ratio. Profitability ratios measure the efficiency with which a company generates profit from its asset.

Return on total assets = Net income / average total assets

$32,750 / $415,000 = 0.0789

To learn more about financial ratios, please check: brainly.com/question/26092288

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