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Home Q & A Board Other Fields Homework Help Business Accounting
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H3Ko H3Ko
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7 years ago
Based on the partial balance sheet of Marco Investments, Inc., compute the rate of return on total assets.

Total Assets, December 31, 2017   $191,000
Total Assets, December 31, 2016   $149,000
For Year Ended December 31, 2017:   
     Interest Expense   $15,000
     Net Income   $18,000

A) 1.76%
B) 9.42%
C) 19.41%
D) 9.71%
Textbook 
Horngren's Financial & Managerial Accounting, The Financial Chapters

Horngren's Financial & Managerial Accounting, The Financial Chapters


Edition: 5th
Authors:
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7 years ago
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H3Ko Author
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#2
7 years ago
Really appreciate your help. Sorry for taking so long to thank you, you deserve the recognition.
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#3
6 years ago
Thank you for the answer
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