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Foundations Of Financial Management
Found in: Page 79
Foundations Of Financial Management

Foundations Of Financial Management

Book edition 16th
Author(s) Stanley B. Block, Geoffrey A. Hirt, Bartley Danielsen
Pages 768 pages
ISBN 9781259277160

Short Answer

Easter Egg and Poultry Company has $2,000,000 in assets and $1,400,000 of debt. It reports net income of $200,000.

a. What is the firm’s return on assets?

The return on assets of the company is 10%.

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Step by Step Solution

Return on assets

An organization computes the return on assets to show the net income earned by an organization on the total assets available in the company.

Calculation of return on assets

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