Solved

Canberry Corporation Had Net Income of $80,000,beginning Total Assets of $640,000

Question 179

Multiple Choice

Canberry Corporation had net income of $80,000,beginning total assets of $640,000 and ending total assets of $580,000.Its return on total assets is:

A) 13.1%
B) 12.5%
C) 13.8%
D) 800%
E) 725%

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