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Calculate the Return on Assets Given the Following Information: Common

Question 126

Multiple Choice

Calculate the return on assets given the following information: common shares outstanding = 300,000; earning per share = $4.00; total assets = $5,000,000; total equity = $3,000,000.


A) 20%
B) 21%
C) 22%
D) 23%
E) 24%

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