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Computing and Interpreting Return on Assets Ratio

MAD Company reported the following information at the end of each year.

Year Net Income Total Assets
2003 $152,000 $ 52,000
2004 195,000 68,000
2005 201,000 134,000
2006 212,000 145,000

Compute return assets for 2004, 2005, and 2006. What do the results suggest about MAD Company?

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Computing and Interpreting Return on Assets Ratio

$2.19