Swiss Group reports net income of $26,000 for 2017. At the beginning of 2017, Swiss Group...
Swiss Group reports net income of $26,000 for 2017. At the beginning of 2017, Swiss Group had $198,000 in assets. By the end of 2017, assets had grown to $248,000.
What is Swiss Group's 2017 return on assets?
Homework Answers
Return on assets = Net income / Average total assets
= 26,000 / [(198,000+248,000)/2]
= 26,000 / 223,000
= 11.66%
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