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Ridgetop Corporation Reported the Following Amounts on Its Balance Sheet

Question 76

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Ridgetop Corporation reported the following amounts on its balance sheet at December 31,2019:
Ridgetop Corporation reported the following amounts on its balance sheet at December 31,2019: On January 1,2019,total assets were $2,000,000,total liabilities were $1,200,000 and total stockholders' equity was $800,000. Calculate Ridgetop's return on assets. On January 1,2019,total assets were $2,000,000,total liabilities were $1,200,000 and total stockholders' equity was $800,000.
Calculate Ridgetop's return on assets.

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$100,000 ÷ ($2,000,0...

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