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Swiss Group reports net income of $38,000 for the year. At the beginning of the...

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Accounting

Swiss Group reports net income of $38,000 for the year. At the beginning of the year, Swiss Group had $163,000 in assets. By the end of the year, assets had grown to $213,000. What is Swiss Groups return on assets for the current year? Did Swiss Group perform better or worse than its competitors if competitors average an 15% return on assets?

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