Home / Questions / n 2017 Artesia, Inc reported $300 million in sales,$17 million in net income million in in...
In 2017, Artesia, Inc., reported $300 million in sales, $17 million in net income, $1 million in interest expense, and average total assets of $120 million. What is Artesia s return on assets in 2017? Assume an industry average of 16%. Did the company s return on assets improve or deteriorate? What could be some reasons for the change?
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