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The Net Income for the Year Ended Was $720,000; Total

Question 15

Multiple Choice

The net income for the year ended was $720,000; total assets at the beginning of the year was $2,100,000; and total assets at the end of the was $2,300,000. The return on total assets would be


A) 1.1%.
B) 3.1%.
C) 11.2%.
D) 32.7%.

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