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SL Accounting Question
#1
Ok, i feel stupid. I have worked in accounts payable and receivable for over a decade and never have i seen something like this. How is "fourteen hundred million" even a number? I didn't even know what numbers to use to calculate  the ROA because I had no idea what they meant by $1400 million. Wouldn't that actually be in the billions? Can anyone explain this please?

"Reebok's net income of $117 million and average assets of $1,400 million results in a return on assets of 8.36%."

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Messages In This Thread
SL Accounting Question - by Mab81 - 07-06-2018, 02:51 PM
RE: SL Accounting Question - by quigongene - 07-06-2018, 03:03 PM
RE: SL Accounting Question - by Sapientes - 07-06-2018, 06:50 PM
RE: SL Accounting Question - by Mab81 - 07-06-2018, 08:10 PM

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