The following is selected data for Moon Industries: (Click the icon to view the selected data.) Read the req...

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Question

Answer 1

Answer #1

Return on Assets = Net income/avgerage total assets

ROA for 2017 = 118000/{(755000 + 762000)/2}

= 118000/{1517000/2}

= 118000/758500

= 0.15557 = 15.56%

ROA for 2018 = 142000/{(963000 + 755000)/2}

= 142000/{1718000/2}

= 142000/859000

= 0.165308 = 16.53%

Answer 2

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