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Assume MetAmbit Ltd Had Profit of $2500 for the Year

Question 72

Multiple Choice

Assume MetAmbit Ltd had profit of $2500 for the year ended 31 December 2016.Its beginning and ending assets were $35,500 and $18,500,respectively.Calculate MetAmbit's return on assets (ROA) .(Round your percentage answer to two decimal places. )


A) 9.26%
B) 4.63%
C) 7.04%
D) 13.51%

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