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Calculate the companys return on assets

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Question :

Flanders Company's operating income for the current year was $475,000. The company's average total assets for the same period were $3,500,000, and its total liabilities were $1,000,000.

Calculate the company's return on assets. (Round your percentage value answer to 1 decimal place, i.e. 01234 as 12.3%.)

Reference no: EM132324819

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