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Homework answers / question archive / A company reports the following income statement and balance sheet information for the current year: Net income

A company reports the following income statement and balance sheet information for the current year: Net income

Accounting

A company reports the following income statement and balance sheet information for the current year:
Net income .......$ 820,000
Interest expense ..... 80,000
Average total assets .....5,000,000
Determine the rate earned on total assets.
 

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