Solved

Spring Falls Gifts Has Sales of $680,300, Total Assets of $589,100

Question 55

Multiple Choice

Spring Falls Gifts has sales of $680,300, total assets of $589,100, and a profit margin of 4.3 percent.What is the return on assets?

A) 4.30 percent
B) 6.54 percent
C) 3.83 percent
D) 7.01 percent
E) 4.97 percent

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