Multiple Choice
Martin Company reported net income of $15,200 on gross sales of $84,000. The company has average total assets of $119,200, of which $104,000 is property, plant and equipment. What is the company's return on investment? (Round your answer to 2 decimal places.)
A) 12.75%
B) 70.47%
C) 14.62%
D) 18.10%
Correct Answer:
Verified
Correct Answer:
Verified
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