Financial and Managerial Accounting (Looseleaf) (Custom Package)
Financial and Managerial Accounting (Looseleaf) (Custom Package)
6th Edition
ISBN: 9781259754883
Author: Wild
Publisher: MCG
Question
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Chapter 13, Problem 17DQ
To determine

Return on Total Assets:

Return on total assets assesses how well company utilizes its assets in generating earnings before interest and tax. It is the earnings earned by the company in comparison with total assets invested in it.

Return on total assets=Net incomeAverage total assets

To compute: Return on total assets.

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