
Fundamental Accounting Principles 22th Edition by John Wild ,Ken Shaw,Barbara Chiappetta
Edition 22ISBN: 978-0077862275
Fundamental Accounting Principles 22th Edition by John Wild ,Ken Shaw,Barbara Chiappetta
Edition 22ISBN: 978-0077862275 Exercise 45
The following information is available from the financial statements of Regae Industries. Compute Regae's return on total assets for 2015 and 2016. (Round returns to one-tenth of a percent.) Comment on the company's efficiency in using its assets in 2015 and 2016.


Explanation
Return on assets (ROA) is a profitabilit...
Fundamental Accounting Principles 22th Edition by John Wild ,Ken Shaw,Barbara Chiappetta
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