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Using the Following Amounts Taken from the Balance Sheet,income Statement,and

Question 81

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Using the following amounts taken from the balance sheet,income statement,and cash flows statement of a business,compute the measures listed below.Round to one decimal place.
Using the following amounts taken from the balance sheet,income statement,and cash flows statement of a business,compute the measures listed below.Round to one decimal place. a.Return on assets b.Profit margin c.Return on equity d.Cash return on assets
a.Return on assets
b.Profit margin
c.Return on equity
d.Cash return on assets

Correct Answer:

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a.8.0% ($2,400 ÷ $30,000)
b.1...

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