A company reports the following income statement and balance sheet information for the current year: Net income $114,590 Interest expense 9,963 Average total assets 1,859,000 Determine the return on total assets. Round the percentage to one decimal place.fill in the blank 1 %
A company reports the following income statement and balance sheet information for the current year: Net income $114,590 Interest expense 9,963 Average total assets 1,859,000 Determine the return on total assets. Round the percentage to one decimal place.fill in the blank 1 %
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
Question
A company reports the following income statement and balance sheet information for the current year:
| Net income | $114,590 |
| Interest expense | 9,963 |
| Average total assets | 1,859,000 |
Determine the return on total assets. Round the percentage to one decimal place.
fill in the blank 1 %
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