A Company Had Net Income of $450,000 in 2012 and $620,000

question 66

Essay

A company had net income of $450,000 in 2012 and $620,000 in 2013.The company had average total assets of $2,500,000 in 2012 and $3,000,000 in 2013.Calculate the return on total assets for 2012 and 2013.Comment on the results.

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Definitions:

Informal Learning

The acquisition of knowledge, skills, and competencies in a natural manner, through daily activities and experiences, as opposed to structured, formal training.

Safety Regulations

Rules and guidelines designed to prevent accidents and injuries in the workplace or public areas.

Medical Setting

The environment or context within which healthcare services are provided, including hospitals, clinics, and private practices.

Group Learning

The educational approach involving individuals learning collectively, sharing knowledge, and solving problems as a group.