Return on Total Assets A company reports the following income statement and balance sheet information...
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Accounting
Return on Total Assets A company reports the following income statement and balance sheet information for the current year: Net income $262,560 Interest expense 46,330 Average total assets 3,910,000 Determine the return on total assets. If required, round the answer to one decimal place.
Can someone explain to me what I'm doing wrong please. I am taking the ROA dividing the Net income and Average total assets, getting the 6.7 but I'm not sure what I'm doing wrong.
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You can see the logs in the Dashboard.