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Glen Acre Wines Has Sales of $682,100, Total Debt of $285,000

Question 398

Multiple Choice

Glen Acre Wines has sales of $682,100, total debt of $285,000, total equity of $323,900, and a proﬁt margin of 8 %. What is the return on assets?

A) 6.28 %
B) 8.96 %
C) 9.03 %
D) 9.11 %
E) 9.17 %

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