Solved

API, Inc, Had Annual Sales of $1,590,000 and Total Assets of of $832,000

Question 11

Multiple Choice

API, Inc., had annual sales of $1,590,000 and total assets of $832,000. What is the return on assets if the profit margin is 10.5%?

A) 18.56%
B) 19.88%
C) 20.07%
D) 20.22%
E) 21.58%

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