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    Intermediate Accounting Study Set 9
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    Exam 11: Depreciation, Impairments, and Depletion
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    In 2014, Bargain Shop Reported Net Income of $5
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In 2014, Bargain Shop Reported Net Income of $5

Question 18

Question 18

Multiple Choice

In 2014, Bargain shop reported net income of $5.7 billion, net sales of $175 billion, and average total assets of $70 billion. What is Bargain shop's return on total assets?


A) 8.1%
B) 30.7%
C) 25%
D) 12.3%

Correct Answer:

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