Essay
Harmony Inc.had net income of $225,300 in Year 1 and $320,900 in Year 2.The company had average total assets of $1,230,000 in Year 1 and $1,550,000 in Year 2.Calculate the return on total assets for Year 1 and Year 2.Comment on the results.
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Year 1: $225,300/$1,230,000 = ...View Answer
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