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The Corner Market Had Annual Sales of $355,000 and Total

Question 31

Multiple Choice

The Corner Market had annual sales of $355,000 and total assets of $305,000.What is the return on assets if the profit margin is 9.5 percent?

A) 8.23 percent
B) 9.88 percent
C) 10.62 percent
D) 11.06 percent
E) 12.87 percent

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