mimih4398 mimih4398

26-02-2024
Business

contestada

Calculate Company Y's return on assets based on the following information for the current year: (Round your final answer to two decimal places.)
Net income: $800,000
Assets at the beginning of the year: $100,000
Assets at the end of the year: $120,000
Net sales: $900,000
a) 8.18
b) 7.27
c) 9.00
d) 7.50

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