Asked by Nathan Seifner on Jun 27, 2024
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A company reported net sales of $850,000,net income of $200,000 and average total assets of $575,000.Calculate its return on total assets.
Return on Total Assets
This is a profitability ratio that measures how effectively a company is using its assets to generate profit.
- Familiarize with the fundamentals and mathematical processes pertaining to return on total assets.
Verified Answer
SS
Learning Objectives
- Familiarize with the fundamentals and mathematical processes pertaining to return on total assets.
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