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The ABC Company has a net income of $56,000, assets at the beginning of the year are $263,000 and assets at the end of the year are $313,000. What is the company’s return on ass…

The ABC Company has a net income of $56,000, assets at the beginning of the year are $263,000 and assets at the end of the year are $313,000. What is the company’s return on ass…
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3 votes
The ABC Company has a net income of $56,000, assets at the beginning of the year are $263,000 and assets at the end of the year are $313,000. What is the company’s return on assets

asked
User Nata
by
7.7k points

2 Answers

1 vote

Answer:

19.4%

Explanation:

answered
User ElectricRouge
by
8.3k points
5 votes
$50,000 worth of assets

313,000-263,000=50,000
answered
User Alexandro Pineda
by
9.1k points
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