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A Company That Reports Segment Information Had Average Total Assets

Question 137

Multiple Choice

A company that reports segment information had average total assets of $1,522,450 and total net income of $590,700. Segment A had average total assets of $927,800 and segment operating income of $298,300. Segment B had average assets of $594,650 and segment operating income of $292,400. The segment return on assets for Segment A is:


A) 60.9%.
B) 38.8%.
C) 32.2%.
D) 49.2%.
E) 50.5%.

Correct Answer:

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