Solved: Plumbing return on assets, Accounting Basics

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Plumbing return on assets

Problem:

- Use the comparative analysis below for S&J Plumbing, Inc. to determine if S&J Plumbing's return on assets is comparable to its competitors in the same industry.

- Support your answers.

Comparative Analysis

Ratio                 S&J2010     Higher    Median     Lower
Return on sales      6.3                      3.3
Return on Assets    14.4        19.6      4.1           -3.8

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Accounting Basics: Plumbing return on assets

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