Solved

The Next Life Has Sales of $428,300, Total Assets of $389,100

Question 9

Multiple Choice

The Next Life has sales of $428,300, total assets of $389,100, and a profit margin of 6.2 percent. What is the return on assets?

A) 6.29 percent
B) 6.54 percent
C) 6.83 percent
D) 7.01 percent
E) 7.27 percent

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