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Calculate the Net Income and ROA

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Point 1: Pinson's Heat Pump Installations started the year with total assets of $90,000, total liabilities of $30,000, and retained earnings of $51,000. During the year, the business recorded $50,000 in installation revenues, $41,000 in expenses, and the company paid dividends of $5,000. The company did not make any additional investments during the year. Ignore taxes

Question 1: Calculate the Net Income and ROA

Reference no: EM132488762

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