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Find the Return on Assets If Net Income Was $55,000,total

Question 18

Multiple Choice

Find the return on assets if net income was $55,000,total assets are $115,000,EBIT was $100,000,and equity is $75,000.

A) 73.3%
B) 63.1%
C) 87.0%
D) 47.8%
E) 55.0%

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