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A Company Has Net Income of $250,000,net Sales of $2,000,000,and

Question 23

Multiple Choice

A company has net income of $250,000,net sales of $2,000,000,and average total assets of $1,500,000.Its return on total assets is equal to:

A) 12.5%
B) 13.3%
C) 16.7%
D) 75.0%
E) 600.0%

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