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    Financial and Managerial Accounting
  4. Exam
    Exam 13: Analysis and Interpretation of Financial Statements
  5. Question
    Aladdin Grocer's 2019 Financial Statements Show Net Income of $2,940
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Aladdin Grocer's 2019 Financial Statements Show Net Income of $2,940

Question 3

Question 3

Multiple Choice

Aladdin Grocer's 2019 financial statements show net income of $2,940 million, sales of $230,199 million, and average total assets of $69,525 million.
How much is Aladdin Grocer's return on sales for the year?


A) 4.24%
B) 1.28%
C) 35.39%
D) 7.52%

Correct Answer:

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