Calculate the return on


A cabinet maker of fine mahogany cabinets has net income of $200,000 which includes extraordinary expenses of $5,000. It also has fixed assets of $400,000, and net working capital of $100,000 For the purpose of the return on net asset, the controller eliminates the extraordinary expense, which increases the net income to $205,000. Calculate the Return On Assets.

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Financial Management: Calculate the return on
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