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In 2017, Elephant Corporation's Financial Statements Included the Following Information

question 7

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In 2017, Elephant Corporation's financial statements included the following information: In 2017, Elephant Corporation's financial statements included the following information:   To one decimal, Elephant's return on assets (ROA) for 2017 was A) 21.0%. B) 19.3%. C) 17.2%. D) 0.99%. To one decimal, Elephant's return on assets (ROA) for 2017 was


Definitions:

Acid-test Ratio

A financial metric that measures a company's ability to pay off its short-term liabilities with its quick assets, excluding inventory.

Return On Total Assets

A financial ratio that measures a company's efficiency in using its assets to generate profit, calculated by dividing net income by total assets.

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