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A Company Had Assets at the Beginning of the Year

Question 51

Multiple Choice

A company had assets at the beginning of the year of $7,750,000 and at the end of the year of $6,750,000.During the year they reported sales of $2,750,000 net income of $275,000.What was their return on investment for the year?


A) 10%
B) 4.0%
C) 3.8%
D) 3.3%

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