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Calculate Waterway rate of return on assets

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Question - In its 2020 annual report, Waterway Limited reports beginning-of-the-year total assets of $2,018 million, end-of-the-year total assets of $2,482 million, total revenue of $2,509 million, and net income of $105 million.

Calculate Waterway's asset turnover ratio.

Calculate Waterway's rate of return on assets (1) using the asset turnover and pro?t margin, and (2) using net income.

Reference no: EM132606127

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