Answered

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What would be the return on total assets of a firm if net income is $50,000, total sales are $100,000, and total assets are $175,000

Sagot :

Answer: 28.6%

Explanation:

The return on the total asset of a firm will be calculated as the net income divided by the total asset and this will be:

=Net income / Total assets

=50,000/175,000

=28.6%

Therefore, return on total asset is 28.6%

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