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The ABC Company has a net income of $56,000, assets at the beginning of the year are $263,000 and assets at the end of the year are $313,000. What is the company’s return on assets
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The ABC Company has a net income of $56,000, assets at the beginning of the year are $263,000 and assets at the end of the year are $313,000. What is the company’s return on assets

User Nata
by
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2 Answers

1 vote

Answer:

19.4%

Explanation:

User ElectricRouge
by
6.8k points
5 votes
$50,000 worth of assets

313,000-263,000=50,000
User Alexandro Pineda
by
6.8k points
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