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A Company Had Net Income of $2,660,000,net Sales of $25,000,000,and

Question 122

Multiple Choice

A company had net income of $2,660,000,net sales of $25,000,000,and average total assets of $8,000,000.Its return on total assets is equal to:

A) 3.01%
B) 10.64%
C) 32.00%
D) 33.25%
E) 300.75%

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