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Quad Sales Has the Following Information for the Year 2015

Question 111

Multiple Choice

Quad Sales has the following information for the year 2015:
 Total assets, January 1 $102,000 Total assets, December 31 108,000 Net income 2,100 Interest expense 0\begin{array} { | l | r | } \hline \text { Total assets, January 1 } & \$ 102,000 \\\hline \text { Total assets, December 31 } & 108,000 \\\hline \text { Net income } & 2,100 \\\hline \text { Interest expense } & 0 \\\hline\end{array}
How much is the return on total assets? (Please round to two decimal places.)


A) 0.10
B) 0.02
C) 0.09
D) 0.12

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