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24 August, 19:55

Branch Corp.'s total assets at the end of last year were $315,000 and its net income after taxes was $22,750. What was its return on total assets?

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  1. 24 August, 23:05
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    7.22%

    Explanation:

    ROTA (return on total assets)

    Divide net income by average total assets. The same ratio can also be represented as the product of profit margin and total asset turnover
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