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H3Ko H3Ko
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8 years ago
Angelo Services, Inc. reported the following balance sheet information for the year 2017. Based on the following information, calculate the rate of return on total assets for Angelo Services, Inc.

Total Assets, December 31, 2017   $586,000
Total Assets, December 31, 2016   $505,000
For Year Ended December 31, 2017:   
     Interest Expense   $27,000
     Net Income   $66,100

A) 7.17%
B) 11.28%
C) 17.07%
D) 7.93%
Textbook 
Horngren's Financial & Managerial Accounting, The Financial Chapters

Horngren's Financial & Managerial Accounting, The Financial Chapters


Edition: 5th
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H3Ko Author
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#2
8 years ago
I just realized you had posted this! Thanks so much
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