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Calculate return on investment

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Reference no: EM133168929

Question - Step Up Ladders Company provides the following financial information:

Income from operations $400,000

Interest expense 50,000

Gains/(losses) on sale of equipment 2,700

Net income 347,300

Total assets at Jan. 1 2,800,000

Total assets at Dec .31 3,300,000

Required - Calculate return on investment based on the information given above.

Reference no: EM133168929

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