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A Company Had Net Income of $450,000 in 2009 and $620,000

question 145

Essay

A company had net income of $450,000 in 2009 and $620,000 in 2010.The company had average total assets of $2,500,000 in 2009 and $3,000,000 in 2010.Calculate the return on total assets for 2009 and 2010.Comment on the results.


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