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What Is the ROA of a Firm with $150,000 in Average

Question 23

Multiple Choice

What is the ROA of a firm with $150,000 in average receivables, which represents 60 days sales, average assets of $750,000, and a profit margin of 9%?


A) 7.50%
B) 9.00%
C) 10.95%
D) 16.70%

Correct Answer:

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