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The Corner Market Had Annual Sales of $700,000 and Total

Question 56

Multiple Choice

The Corner Market had annual sales of $700,000 and total assets of $605,000. What is the return on assets if the profit margin is 8%?

A) 9.06%
B) 9.26%
C) 9.62%
D) 10.39%
E) 11.06%

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