Business, 11.12.2019 19:31 sierransha08

Lake inc. and river inc. reported net incomes of $800,000 and $1,000,000 respectively, for the most recent fiscal year. both companies had 200,000 shares of common stock issued for $10 per share, with all shares still outstanding. the market price per share of lake’s stock was $50, while river’s sold for $85 per share. what is lake inc.'s return-on-assets ratio?

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Lake inc. and river inc. reported net incomes of $800,000 and $1,000,000 respectively, for the most...

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