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Kopano Motsebe
on Dec 04, 2024

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FastLane has net income of $18,955, and assets at the beginning of the year of $200,000. Assets at the end of the year total $246,000. Compute its return on assets.

A) 7.7%.
B) 8.5%.
C) 9.5%.
D) 11.8%.
E) 13.0%.

Net Income

The profit of a company after all expenses and taxes have been deducted from total revenue.

  • Comprehend the principles of net income and net loss, and the methods used to calculate them.
  • Comprehend how transactions influence the financial condition of a business.
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SK
Shaneka KenaeDec 10, 2024
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