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    Managerial Accounting Study Set 23
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    Exam 16: Financial Statement Analysis
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    Jester Corporation's Most Recent Income Statement Appears Below: the Beginning
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Jester Corporation's Most Recent Income Statement Appears Below: the Beginning

Question 171

Question 171

Multiple Choice

Jester Corporation's most recent income statement appears below: Jester Corporation's most recent income statement appears below:   The beginning balance of total assets was $360,000 and the ending balance was $320,000. The return on total assets is closest to: A)  26.5% B)  18.5% C)  22.6% D)  32.4% The beginning balance of total assets was $360,000 and the ending balance was $320,000. The return on total assets is closest to:


A) 26.5%
B) 18.5%
C) 22.6%
D) 32.4%

Correct Answer:

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