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Degollado Corporation's Most Recent Income Statement Appears Below

Question 45

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Degollado Corporation's most recent income statement appears below:
Degollado Corporation's most recent income statement appears below: The beginning balance of total assets was $211,000 and the ending balance was $232,000. Required: Compute the return on total assets. The beginning balance of total assets was $211,000 and the ending balance was $232,000.
Required:
Compute the return on total assets.

Correct Answer:

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Average total assets = (${{[a(10)]:#,###...

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