Business
quinnelsea
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Rosalind company reported revenues of $111,500, expenses of $92,545, and net income of $18,955 for the year. assets totaled $200,000 at the beginning of the year and $246,000 at the end of the year. the company's return on assets for the year (round the percent to one decimal) is

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Cibula685

Return on assets = net income÷average total assets Net income=18,955 Average total assets (200,000+246,000)÷2=223,000 Return on assets is 18,955÷223,000 =0.085

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