Essay
Frazier Service Company had a net income of $14,500 for the year ending December 31,2016.The total assets on January 1,2016 were $28,000.The total assets on December 31,2016 were $16,000.
Calculate Frazier's return on assets (ROA).Show your computations and label your work.Round your answer to one decimal place.
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Return on Assets = Net Income ...View Answer
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