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Cloverton Corporation Had Net Income of $30,000,net Sales of $1,000,000,and

Question 47

Multiple Choice

Cloverton Corporation had net income of $30,000,net sales of $1,000,000,and average total assets of $500,000.Its return on total assets is:

A) 3%
B) 200%
C) 6%
D) 17%
E) 1.5%

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