Solved

Markham Corporation Had Profit of $1,330,000, Net Sales of $22,000,000

Question 20

Multiple Choice

Markham Corporation had profit of $1,330,000, net sales of $22,000,000 and average total assets of $5,783,000. Its return on total assets was:

A) 6.0%.
B) 26.3%.
C) 16.5%.
D) 23.0%.
E) 38.0%.

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