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Home Q & A Board Other Fields Homework Help Business Accounting
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merrisara merrisara
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A year ago
XYZ Corporation reported net income of $75,700 last year. The company incurred interest expense of $5,000. Assets on January 1st were $640,000 and on December 31st, had increased by $40,000. The income tax rate was 30%. What is XYZ's return on total assets?
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Managerial Accounting

Managerial Accounting


Edition: 4th
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nursethomasnursethomas
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A year ago
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