Multiple Choice
At January 1, 2019, Kane Company had total assets of $2,100,000 and at December 31, 2019, its total assets were $2,400,000. Kane's net sales for 2019 were $3,000,000 and its 2021 net income was $210,000.
DuPage's return on assets for 2019 is:
A) 7.00%
B) 8.75%
C) 9.33%
D) 87.47%
Correct Answer:
Verified
Correct Answer:
Verified
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