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Brief Exercise 12-5 Calculate Return on Assets During 2012, a company generated net income of...

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Accounting

Brief Exercise 12-5 Calculate Return on Assets During 2012, a company generated net income of $158,000. Total assets at the beginning of the year were $1,480,000 while they were $1,515,000 at the end of the year. Required: Calculate the company's return on assets. Round percentages to one decimal point (i.e., 12.8%). _________________ % The company's return on assets is _________________ and indicates the company's ability to generate _________________

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