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Profit Is $109 000,after Deducting Interest of $11 000 and Average

Question 48

Multiple Choice

Profit is $109 000,after deducting interest of $11 000 and average total assets are $650 000.Return on assets to assess profitability from a management view point is:


A) 18.5%
B) 16.8%
C) 15%
D) 168%

Correct Answer:

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