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Smith's Corner Market Had Annual Sales of $425,300 and Total

Question 43

Multiple Choice

Smith's Corner Market had annual sales of $425,300 and total assets of $366,000.What is the return on assets if the profit margin is 11 percent?

A) 8.2 percent
B) 9.8 percent
C) 10.6 percent
D) 11.0 percent
E) 12.8 percent

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