What was the return on assets for the year, Financial Accounting

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What was the return on assets for the year

Problem

For the year to December 31, 2020, the operating income for Jamieson Wellness Inc. was $47,157,000, and there was net income of $26,673,000. Total assets were $549,021,000, and liabilities totalled $308,299,000.

Task

1. How much was the equity as at December 31, 2020?
2. What was the return on assets for the year?
3. What was the return on equity for the year?

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Financial Accounting: What was the return on assets for the year

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