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7 February, 17:41

Rosalind company reported revenues of $111,500, expenses of $92,545, and net income of $18,955 for the year. assets totaled $200,000 at the beginning of the year and $246,000 at the end of the year. the company's return on assets for the year (round the percent to one decimal) is

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  1. 7 February, 17:42
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    Return on assets =

    net income:average total assets

    Net income=18,955

    Average total assets

    (200,000+246,000) : 2=223,000

    Return on assets is

    18,955:223,000

    =0.085
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