lilday5810 lilday5810

20-01-2020
Business

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Branch Corp.'s total assets at the end of last year were $315,000 and its net income after taxes was $22,750. What was its return on total assets?

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mshurtado mshurtado

21-01-2020

Answer:

7.22%

Explanation:

ROTA (return on total assets)

Divide net income by average total assets. The same ratio can also be represented as the product of profit margin and total asset turnover

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